CIPC Annual Return Frequently asked Questions
1.Should all CC's/Companies submit Annual Returns even if the entity has not conducted in any trade?
Yes, a CC/Company must submit an annual return to CIPC (CIPRO) annually within 1 month after it's anniversary.
2. From what year should annual returns be lodged?
As from September 2008 for Close Corporations and from 2005 for Companies.
3. What happens if a CC/Company fails to submit a annual return?
The entity will be referred for deregistration and then eventually de-registered from CIPC (CIPRO's) database which can mean that bank accounts will be frozen, no credit can be applied for etc. In essence the CC/Company can no longer trade if de-registered.
4. What happens if my CC/Company is already de-registered?
The CC/Company needs to be restored and a prescribed fee paid to CIPC (CIPRO). After a CC/Company has been restored it needs to bring all annual returns up to date or it will be placed in de-registration again. You can restore a de-registered CC/Company here.
5. How long does this process take?
You will receive a certificate of submission within 48 hours from placing your order.
6. What if I am not sure if there are any outstanding annual returns with CIPC for my CC/Company?
You can send an e-mail to info@myfinance-online.co.za to enquire about the status of your CC/PTY.
7. Are there any additional costs involved?
No, these fees are inclusive of all CIPRO fees and therefore NO EXTRA FEES are payable.
8. Is this the same as SARS income tax returns?
No, it is totally different from SARS returns which must also be filled annualy. For more info on income tax and tax returns you can CLICK HERE