Name Reservation and Approval

14 March 2022
Accounting
South African Accounting Academy

In this case:

The registration number will be its name followed by the suffix "South Africa" (excluding new e-Services channel)
After registering a new company with the registration number as its name, a company name change may be filed free of charge. Refer to www.cipc.co.za/index.php/manage-your-business/manage-your-company/public-company/making-changes-your-companys-management-administration-and-governance/changes-company-name
The registration certificate, as well as the other registration documents will reflect the registration number as the name of the company since that was the registration information at registration.
Only after a company name change will an amended registration certificate be issued with the reserved name. The incorporation documentation as issued upon registration, will not reflect this information.

Click here to download Notice 4 of 2022:

http://www.cipc.co.za/za/wp-content/uploads/2022/02/Notice_Name-Reservation.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, 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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