Annual returns, the what and when

All companies and close corporations are required by law to submit their annual return with CIPC annually on the registration date (“birthday”) of the entity.

An annual return is a statutory return in terms of the Companies- and Close Corporations Acts and therefore MUST be complied with.  Failure to do so will result in the Commission assuming that the company or close corporation is not trading or is not intending to do business in the near future which may lead to deregistration.