CoR123.2: Filing requirements for appointment of BRP

15 September 2022
Accounting
South African Accounting Academy

Note that Notice 65 of 2018 is hereby withdrawn and replaced by Notice 22 of 2022

As from 15 June 2021, information relating to the form CoR123.2 and legal documents in terms of Regulations 123(3), and filed in accordance with section 129(3)(b) of the Companies Act 71 of 2008 (“the Act”), must be submitted via the electronic platform New e-Services, www.cipc.co.za / Enterprise Registration / New e-Services. Manual forms for licensing will no longer be accepted as being submitted or filed if it was received via email to cor123.2@cipc.co.za.

Documents to be submitted are set out in detail in the CIPC Notice document.

NB: A person who knowingly provides false information to the Commission commits an offense.

Click here to download Notice 22 of 2022:

https://www.cipc.co.za/wp-content/uploads/2022/08/notice-22.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

The Companies Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
As an auditor, independent reviewer and accountant, you also need to monitor your client’s compliance with the Companies Act and all relevant notices/enforcements/practice notes issued by CIPC as the regulator.
Where you perform these compliance tasks on behalf of your client, you need to ensure that you comply with all relevant notices/enforcements/practice notes issued by CIPC as the regulator.

Relevance to Your clients:

An entity (company or close corporation) has a duty to comply with the Companies Act, and all relevant notices/enforcements/practice notes issued by CIPC as the regulator.

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