Accounting

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 »

A step-by-step trade mark application process for small, medium, and micro enterprises (SMMEs) are detailed in the notice. Once logged in, locate the “Trade Marks” tab on the portal. Click on it to reveal a dropdown menu. From the dropdown menu, select “Apply for Trade Mark”. To complete the online application process refer to the …

Registering trade mark rights: a step-by-step guide for SMMEs Read More »

On 4 December CIPC implemented an identity verification and multifactor authentication system for director amendments. Automated processes are now available to finalise such transactions, making the process more efficient and secure. With the new system in place, director amendments and changes to director contact details will no longer involve manual processing. The system now verifies …

New identity verification and multifactor authentication for directors’ amendments Read More »

CIPC Notice 53 On 19 September 2023, the CIPC announced that starting from 1 October, there will be heightened enforcement on beneficial ownership reporting. Background Mandatory filings for beneficial ownership and securities/beneficial interest registers were introduced on 24 May 2023. Action required If your entity hasn’t submitted the beneficial ownership details yet, it’s time to …

CIPC Implements Stronger Enforcement of beneficial ownership and securities register filings from 1 October 2023 Read More »

The FIC issued a Notice of final demand on 25 August 2023, reminding registered accountable institutions to submit their risk and compliance returns (RCR). Entities under Directive 6 that have not yet submitted returns are currently non-compliant and at risk of sanctions as per section 62E of the FIC Act. This FIC notice serves as …

FIC Final Demand Notice for Accountable Institutions to Submit Risk and Compliance Returns (Directive 6 of 2023) Read More »

CIPC started notifying companies and close corporations referred for deregistration due to non-compliance with Annual Returns. To avoid deregistration enterprises should confirm their status and file all outstanding Annual Returns and the required Audited Financial Statement (AFS) or Financial Accountability Supplement (FAS) and Compliance Checklist. Outstanding Annual Returns and the required AFS or FAS, including …

CIPC commenced with De-registration notices to enterprises that do not comply Read More »