Accounting

New critical update for the filing of CM100 applications concerning insolvent voluntary liquidations. Effective immediately, all CM100 submissions, accompanied by Form CM26Liq for companies and close corporations initiating liquidation, must adhere to detailed guidelines as stated in Customer Notice 34 of 2024. This includes fully completed forms, proper commissioning by a traceable Commissioner of Oaths, …

Avoid Rejection Of Insolvent Voluntary Liquidations Read More »

The Companies and Intellectual Property Commission (CIPC) has updated its procedures for reinstatement applications (Form CoR 40.5) and related enquiries. Due to efforts to streamline operations, CIPC has achieved significant progress in reducing the processing time for reinstatement applications, which is now down to 5–6 working days from the previous 15 working days. Accountants and relevant …

Changes To Reinstatement Processes For Companies And Close Corporations Read More »

There are substantial delays noted in the processing of re-instatement applications (Form CoR 40.5) as outlined in CIPC Notice 34, which also refers back to Notice 9 of 2024 for alternative communication channels. The processing delays are blamed on the high volume of new applications and unintentional resubmissions. The indexing of incoming applications is current, …

Delays In Re-Instatement Applications Read More »

The Companies Act of 2008, under Section 30(1) requires companies to prepare and approve their AFS within six months after their financial year ends. This includes auditing the AFS for public and state-owned companies and other specified companies and having them independently reviewed where required. Many companies have been found non-compliant with these requirements. Failure …

CIPC Reminder on Annual Financial Statements Compliance Read More »

The Companies and Intellectual Property Commission (CIPC) has implemented new procedures for updating customer codes, affecting individual customers and companies. Here’s what accountants need to know to assist their clients with these updates: Individual Customer Code Update: If your client’s customer code is linked to an outdated email or both email and cell phone numbers …

New Procedures for Updating CIPC Customer Codes Read More »

The Companies and Intellectual Property Commission (CIPC) emphasizes the importance of compliance with the Companies Act of 2008, particularly regarding the preparation and approval of annual financial statements (AFS). Under Section 30 (1) of the Act, companies are required to prepare and approve their AFS within six months after their financial year ends. This includes …

CIPC Reminder on Annual Financial Statements Compliance Read More »

The Companies and Intellectual Property Commission (CIPC) has updated its system, resolving most issues related to customer verification. Customers are encouraged to log in again at https://eservices/cipc.co.za to verify their profiles. If problems persist, customers should email enquiries@cipc.co.za with their customer code in the subject line. Include a screenshot showing all populated fields (such as …

CIPC System Update: Resolved Verification Issues Read More »

The Companies and Intellectual Property Commission (CIPC) has implemented new procedures for updating customer codes. These changes affect both individual customers and companies. Here’s what accountants need to know to assist their clients with these updates: Individual Customer Code Update If your client’s customer code is linked to an outdated email or both email and …

CIPC Notice New Procedures for Updating CIPC Customer Codes Read More »

CIPC clients are reminded once again that the use of the words COMPANIES AND INTELLECTUAL PROPERTY COMMISSION, as well as the abbreviation CIPC and the logo of CIPC, is strictly prohibited. This includes using these in e-mail addresses on any website, documentation, marketing, or other materials. Anyone using these should delete or change them immediately …

Unauthorised use of CIPC name, abbreviation and logo Read More »

The detailed step-by-step guides on the enhanced director amendments process are provided on the CIPC website under the heading ‘Companies and Close Corporations’ here. Below are answers to some of the questions on this process that have been received from our Call Centre. Read the CIPC Notice 2 of 2024 here.