CIPC Regulatory Compliance Obligations to re-commence 01 DECEMBER 2020

Nov 18, 2020 | CoSec Blog

We draw your attention to the CIPC Notice 49 of 2020 advising that CIPC will begin regulatory compliance obligations again with effect from 01 December 2020.

The CIPC had previously advised that the filing period for Annual Returns which fell within the National Lockdown period, would be extended by two weeks after the national lockdown. This extension of the filing period had the effect of deferring penalties, compliance checklists and preparation of annual financial statements.

CIPC have now advised that since South Africa has moved to level 1, all entities must re-commence with their regulatory compliance obligations. As of 01 December 2020, all companies and close corporations are required to comply with the provisions of the Companies Act 71 of 2008 within the legal timeframes stipulated and no further extensions will be provided.

Click on the image below for the Notice to Customers:

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