CIPC’s growing focus on the compliance of charismatic church NPC’s
In terms of section 187(2)(b) of the Companies Act No. 71 of 2008 (“the Companies Act”), the Companies and Intellectual Property Commission (“CIPC”) is responsible for ensuring compliance with the Companies Act. To support this responsibility, CIPC implemented an electronic Compliance Checklist service on its website (“the Compliance Checklist”) in 2020. This service requires a […]
CIPC se toenemende fokus op die nakoming van charismatiese kerk-NPC’s
Ingevolge artikel 187(2)(b) van die Maatskappywet No. 71 van 2008 (“die Maatskappywet”) is die Maatskappye en Intellektuele Eiendomskommissie (“CIPC”) verantwoordelik om nakoming van die Maatskappywet te verseker. Ter ondersteuning van hierdie verantwoordelikheid het CIPC in 2020 ’n elektroniese Nakomingskontrolelysdiens (Compliance checklist) op hul webwerf geïmplementeer. Hierdie diens vereis dat ’n maatskappy, soos ’n privaatmaatskappy of […]
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. […]
Voordelige eienaarskap: Wat is nuut en relevant
Op 1 April 2023 het die Companies And Intellectual Property Commission, (CIPC), sy Voordelige Eienskaarskapregister bekend gestel. Hierdie register vereis dat alle korporatiewe entiteite wat by die CIPC geregistreer is – insluitend private maatskappye, beslote korporasies, nie-winsgewende maatskappye, staatsbeheerde maatskappye, persoonlike aanspreeklikheidsmaatskappye en publieke maatskappye – hul voordelige eienaarskapverklarings indien. Hierdie vereiste spruit voort uit […]
Beneficial ownership reporting: What is new and relevant
On 1 April 2023, the Companies and Intellectual Property Commission (CIPC) launched its Beneficial Ownership Register. All corporate vehicles registered with the CIPC – including private companies, close corporations, non-profit companies, state-owned companies, personal liability companies, and public companies – are required to file their beneficial ownership declarations. This requirement stems from the General Laws […]
CIPC | Voordelige eienaarskap verslagdoening en jaarlikse opgawes
In reaksie op Suid-Afrika se insluiting op die gryslys weens nie-nakoming van internasionale standaarde rakende die voorkoming van geldwassery en die finansiering van terrorisme, het die Parlement die Wysigingswet (“Wysigingswet”) op die Algemene Wette (Anti-Geldwassery en Bekamping van Terrorisme Finansiering) goedgekeur. Die Wysigingswet verplig die Maatskappye en Intellektuele Eiendom Kommissie (“CIPC”) om maatskappye en beslote […]
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 […]
CIPC | Beneficial Ownership Reporting Deadline and Online Process for Directors’ Amendments
Beneficial Ownership Reporting We are fast approaching the first anniversary of the Companies Act amendments which mandated the Companies and Intellectual Property Commission (“CIPC”) to oblige entities to disclose their beneficial ownership information to it from 24 May 2023. Until now, CIPC has not communicated a clear deadline for beneficial ownership reporting. However, on 6 […]
Beneficial ownership and the importance of filing annual returns
Beneficial ownership 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 in December 2022, which mandated the amendment of the Companies Act. These Companies Act amendments, which came […]
Voordelige eienaarskap en die noodsaaklikheid van indiening van jaarlikse opgawes
Voordelige eienaarskap Suid-Afrika is onlangs op die gryslys geplaas weens nie-voldoening aan die internasionale standaarde met betrekking tot die voorkoming van geldwassery en die finansiering van terrorismeaktiwiteite. Gevolglik het die Parlement in Desember 2022 die Wysigingswet op Algemene Wette teen geldwassery en bestryding teen terrorismefinansiering, goedgekeur. Die wysigings aan die Maatskappywet, wat op 1 April […]