Accounting

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 »

On 1 August 2023, representatives from Recognised Controlling Bodies (RCBs) of SARS met the newly appointed Tax Ombud Ms Yanga Mputa for the first time after she joined the Office of the Tax Ombud (OTO) as South Africa’s first female Tax Ombud on 1 July 2023. She is also an Admitted Attorney of the High …

Recognised Controlling Bodies (RCB) Forum meets new Tax Ombud Ms. Yanga Mputa Read More »

Sustainability disclosures are a reality for all entities using IFRS to report in their financial statements. But how the information disclosed using S1 and S2 connect IFRS and the financial statements still poses a question. The short webcast where Linda Mezon-Hutter, Vice-Chair of the International Accounting Standards Board (IASB), and Sue Lloyd, Vice-Chair of the …

How will the new sustainability disclosures S1 and S2 connect to the financial statements? Read More »

Notice 43 issued on 26 July 2023 requesting directors of companies to provide confirmation or evidence for information submitted to ensure the validity and correctness of such information. It is requested that directors comply with the requests timeously. The requests are related to the following applications: Directors should timeously submit the requested information, following the …

CIPC emails to confirm /request evidence to information submitted to company services Read More »

Practice Note 2 issued on 24 July 2023 explains the process of amending company directors on the eservices. You need to log on the CIPC website (www.cipc.co.za) first and then follow these easy steps: Read Practice Note 2 here.

Practice Notice 1 issued on 24 July 2023 explains the reasons for the automated rejection of COR39 and CK2 applications.The application will be rejected unless the following is done correctly: Read Practice Note 1 here.