Annual returns: Recent changes and how it affects your company

In South Africa, companies registered with the Companies and Intellectual Property Commission (“CIPC”) are required by law to submit annual returns. This obligation ensures that the CIPC maintains up-to-date records on the status and operations of all companies operating within the country. Failure to comply with this requirement can result in severe consequences, including deregistration. […]

CIPC | Beneficial ownership reporting and annual returns

In response to South Africa being greylisted due to non-compliance with international standards relating to the prevention of money laundering and terrorist financing, Parliament enacted the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act (“the Amendment Act”). The Amendment Act mandates the Companies and Intellectual Property Commission (“CIPC”) to oblige companies and close […]