- All Companies and Close Corporations must submit annual returns to CIPC to avoid penalties charged and the possibility of the Company or CC being de-registered.
- The returns are submitted to update the latest information and for the Companies and Intellectual Properties Commission to determine whether a Company is still in business.
- The annual return must be submitted during the month following the incorporation (anniversary) month.
- If a company or CC fails to lodge its annual return within the prescribed period, it will eventually be final de-registered and will no longer exist. Dormant companies / CC’s must also submit their annual returns if they want to prevent de-registration.
If you want to keep your business up and running make use of Venter de Jager to lodge your annual return within the prescribed period.