If you want to calculate the 10% penalty for the period that the company was non-compliant, when does the period of non-compliance start?

The date of non-compliance is only after the 40 days stated in the compliance notice.

CIPC considers the non-compliance to start after they have given the company the standard time frame to rectify the identified issues and to comply with the details set out in the compliance notice.


Disclaimer:

Please note that the information provided does not constitute legal or professional advice, but rather the applicability of existing theory to a given practical situation. Due care is taken to ensure that the information is correct, but it remains subjective and an interpretation of application of information.

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