Accounting

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assist their clients with these updates: Individual Customer Code Update If your client’s customer code is linked to an outdated email or both email and …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.

In a media statement issued on 8 January 2024, CIPC emphasised that the identity verification and multifactor authentication for director amendments introduced on 4 December 2023 were rigorously tested, and the system has successfully processed over 8000 applications since its implementation. The new process is aimed to enhance security and prevent unauthorised changes. This measure …

Feedback on the multi-factor authentication for director amendments system Read More »

For companies that applied for registration late last year, the registration number will be for 2023, and the official incorporation date (or registration date) will be 2024. This is because the CIPC’s system automatically assigns registration dates when they receive the application, but the incorporation date is when your company is officially registered. Read the …

Disparity between registration number and incorporation dates: CIPC Notice 1 of 2024 Read More »

CIBA is recognised by CIPC and authorised to regulate accounting officers, independent reviewers, and business rescue practitioners.  As a stakeholder, CIBA represents members on the CIPC stakeholder liaison committee.  We provide member feedback to CIPC and advise CIPC on how they can improve their services to members. CIBA also brings you regular updates on essential …

CIPC news December 2023 Read More »

CIPC will be closed to the public from 10h00 on Friday 22 December 2023 up to and including Monday 1 January 2024. Certain offices will open on Tuesday 2 January. Read the notice here.

Starting 11 December companies and close corporations need to make sure their beneficial ownership filing is up to date before they can submit their Annual Returns. If the beneficial ownership information for an entity is not updated, they’ll get a warning and a link to update it. With this interface being an assistive compliance process, …

New beneficial ownership interface Read More »