This notice is issued in terms of Section 188(2) (b) in conjunction with Regulation 4(b) of the Companies Act, No. 71 of 2008 as amended.
CIPC states that Independent Review practitioners are not complying with the requirements of Regulation 29 (6-8).
CIPC also states that they are not receiving reportable irregularity reports as prescribed for the independent review process (this practise continues as initially reported in 2016).
Click here to download CIPC’s Notice 39 of 2021 (including the Practice Guideline):
http://www.cipc.co.za/files/8516/2800/9674/Independent_Review_Notice_2021_1.pdf
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