Description
CIPC Annual Returns 2 Years
- Submission for 2x Years Annual Returns
- CIPC Compliance
- Requirements: (1) Company Registration Number (2) Beneficial Ownership updated at CIPC(we can assist)
- Timeframe: 24 hours
- If your submission is over a year late, CIPC will apply penalty fees. Additionally, if your turnover exceeds R1 million in the past 12 months, CIPC will charge an extra fee. For more information, see the Questions and Answers about annual returns below the Application Form.
1: Maintaining Compliance: To apply to any government institution or regulatory body (e.g., CSD), your company must remain compliant with CIPC. This helps prevent delays when applying for a business loan, as non-compliance with CIPC can result in frozen bank accounts.
2: No Penalties or Deregistration: Submitting your annual returns to CIPC on time each year helps you avoid penalty fees for late submission, as required by law. More importantly, it ensures your company remains active and prevents deregistration, which could lead to suppliers revoking your credit facility.
Yes, all Companies and Close Corporations (CCs) are legally required to file annual returns with CIPC each year within the prescribed time frame. We can assist you with this process, even if you have missed filings in previous years.
If deregistration is due to non-compliance with annual returns, it can be reversed by filing all outstanding returns while still in that status. However, once it changes to “Final Deregistration,” a formal reinstatement process is required.