| Since when have Annual Returns needed to be submitted to CIPRO ? |
1 September 2008 |
| The Purpose of the Annual return ? |
In keeping with legislation, each close corporation is compelled in terms of the Act to lodge an Annual return once a year.
The Registrar of companies needs to determine two things:
- Whether a registered organisation in still in business
- Confirmation that the Registrar is in possession of the latest information of the company. |
| What will happen if I fail to lodgement the close corporation/company's Annual Return ? |
Should a close corporation/company's fail to lodge and pay for its Annual Returns for a period of more than 6 months, the Registrar may conclude that the close corporation/company's is no longer conducting business and may refer it to be deregistered |
| What costs and protocols are involved |
ALL REGISTERED Close Corporations/Companyies WILL BE ABLE TO SUBMIT THEIR ANNUAL RETURN ON geared4business.co.za |
