If you are a business owner, you need to be aware of The Companies and Intellectual Property Commission (CIPC) which replaced CIPRO as a result of the New Companies Act.

Within CIPC’s remit are

  • Profit Companies (Pty Ltds, Public Companies, Personal Liability Companies, State Owned Companies)
  • Close Corporations
  • Non-profit Companies (NPC)

CIPC’s responsibilities include the following:

  • Registration of Companies, Co-operatives and Intellectual Property Rights (trademarks, patents, designs, copyright) and maintenance thereof
  • Promotion of compliance with relevant legislation
  • Enforcement of relevant legislation
  • Report, research and advise Minister on matters of national policy relating to company and intellectual property law

CIPC – did you know that …………?

  1.  It is a legal requirement for all companies (including Non-profit companies) and close corporations to file annual returns with CIPC on annual basis.
  2. If you do not file an annual return and pay annual duty for 2 successive years, CIPC will send you a notice of an intention to deregister your business. If you do not respond, your business will be deregistered. This means it will cease being a legal entity and will be unable to trade. Directors or members can be held personally liable for debts of the business
  3. CIPC requires that business postal and physical addresses relate to the site from where the business operates. This means use of “addresses of convenience”, such as an auditor, is no longer acceptable. This applies to all businesses – both new and existing
  4. If you don’t provide CIPC with correct addresses, you risk your submissions to CIPC being rejected.

As a business owner, you need to be aware of CIPC and how it relates to your business.

Thanks for taking the time to read this article! Please feel free to post a comment.

Ian Blackburn of Assured Bookkeeping (Pty) Ltd

About Assured Bookkeeping (Pty) Ltd

Providers of bookkeeping & payroll services, accounting and tax services
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