Annual Returns

Since when must Annual Returns be submitted to CIPC ?
1 September 2008
The Purpose of the annual return ?
In keeping with legislation, each close corporation ia compelled in terms of the Act to lodge an Annual return once a year. The Registrar of companies needs to determine two things:

  • Whether a registered organisation in still in business
  • Confirmation that the Registrar is in possession of the latest information of the company.
    		•
    What will happen if I fail to lodgement the close corporation/company’s Annual Return ?
    Should a close corporation/company’s fail to lodge and pay for its Annual Returns for a period of more than 6 months, the Registrar may conclude that the close corporation/company’s is no longer conducting business and may refer it to be deregistered
    What costs and protocols are involved
    ALL REGISTERED Close Corporations/Companies WILL BE ABLE TO SUBMIT THEIR ANNUAL RETURN ON BusinessNeeds.co.za
    Cost for Companies:

    Turnover < R1 mil  R550
    Turnover between R1 mil and R10 mil  R850
    Turnover between R10 mil and R25 mil  R3000
    Turnover > R25 mil  R4500
    Cost for Close Corporations:

    Turnover < R50 mil   R550
    Turnover > R50 mil   R4500




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