Protecting your ideas, brand, or inventions is a crucial part of doing business in South Africa. The Companies and Intellectual Property Commission (CIPC) is the official body responsible for registering intellectual property (IP), and knowing how the process works can…
Operating a company under insolvent conditions carries significant legal responsibilities in South Africa. Section 22 of the Companies Act prohibits companies from trading recklessly or while insolvent, meaning they cannot pay their debts as they become due. Key Considerations: Director…
The Companies and Intellectual Property Commission (CIPC) of South Africa provides essential services that help businesses manage their legal and administrative requirements. Here’s a brief overview of some of their key offerings: Director Amendments As your company grows, changes in…
The following CIPC Compliance Checklist is applicable to audited entities AND reviewed entities: Compulsory from 1 January 2020. To be submitted within 30 business days of the anniversary that the company was incorporated. It’s the responsibility of directors to ensure…
In terms of the Companies Act of South Africa Regulation 164 interest should be included in the company’s turnover if it is in the nature of the company to earn interest. Thus, the interest is excluded from the annual turnover…
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…