Companies and Intelectual Property Com...

⌘K
  1. Home
  2. /
  3. Docs
  4. /
  5. Companies and Intelectual...
  6. /
  7. Companies
  8. /
  9. CIPC Annual Returns

CIPC Annual Returns

CIPC Annual Returns to Prevent De-registration

“All companies (including external companies) and close corporations are legally required to file annual returns with the CIPC annually, within a prescribed period. Filing such annual returns confirms whether a company or close corporation is still in business/trading or will be in business soon.

Therefore, if annual returns are not filed within the prescribed period, the assumption is that the company or closed corporation is inactive. As such, CIPC will start deregistration to remove the company or closed corporation from its active records. The legal effect of the deregistration process is that the juristic personality is withdrawn, and the company or close corporation ceases to exist. 

  • The company or close corporation was in business at the time of deregistration, and proof of such fact is provided;
  • Immovable property is registered in the name of the company or close corporation or
  • A creditor provides proof that it will be unfairly prejudiced if the company or close corporation is not reinstated.

Once the status of a company or close corporation has been recorded as “final deregistered”, the company or close corporation or any third party may apply for reinstatement. CIPC will only process the reinstatement application if;

Upon processing the reinstatement application, the status will be changed to “reinstatement process”, where all outstanding annual returns must be filed to change the status to “in business”. However, the legal personality would have been reinstated upon processing the reinstatement application.”

We can submit your annual returns to ensure CIPC compliance.