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Company and Close Corporations annual returns: are you fully compliant?Make sure that your CIPRO annual return is submitted on time so that your company is not de-registered.Cipro Annual ReturnsAccording to CIPRO (the Company and Intellectual Property Registration Office of the DTI), the penalty for late submission of an annual return for a Private Company or a Close Corporation is R150-00. This is no big amount, but they go on to say that if this is not done within 6 months of the due date, then the company will be de-registered. No warnings will be given. Basically it means that if you do not comply you will not be allowed to conduct business, BY LAW. But where there is an administrative or red tape problem, there often also is a ready solution and this is no different.If you would like your Cipro Annual Return to be submitted by us, please contact us for a proposal by clicking here. CIPRO annual returns are compulsory for all South African private companies. The CIPRO annual return must be submitted in the month of the company's or Close Corporiginal registration - effectively the CIPRO annual return must be submitted on the company's birthday. So, if you have not submitted your annual return, and your company's birthday is past, now is the time to get this sorted out by clicking here. From 1 September 2008 it was also necessary for Close Corporations (CC's) to lodge CIPRO annual returns. So, if you have not submitted your annual return, and your company's birthday is past, now is the time to get this sorted out by clicking here. |
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