CIPC to deregister over 800k non-compliant companies.
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GUEST – Christa Klokow - Senior Manager: Companies and Close Corporations at Companies and Intellectual Property Commission.
The Companies and Intellectual Property Commission (CIPC) has initiated a large volume of deregistrations due to continued low compliance with Annual Returns, Beneficial Ownership, and other obligations under the Companies Act.
The high level of inactive business among companies significantly contributes to low compliance levels, therefore companies are advised to register the companies only when there is a genuine economic or business opportunity.
The Companies and Intellectual Property Commission (CIPC) has initiated a large volume of deregistrations due to continued low compliance with Annual Returns, Beneficial Ownership, and other obligations under the Companies Act.
The high level of inactive business among companies significantly contributes to low compliance levels, therefore companies are advised to register the companies only when there is a genuine economic or business opportunity.
