| 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 Close Corporations:
| Turnover < R50 mil | R650 |
| Turnover > R50 mil | R4500 |
|
Cost for Companies:
| Turnover < R1 mil | R650 |
| Turnover between R1 mil and R10 mil | R950 |
| Turnover between R10 mil and R25 mil | R3000 |
| Turnover > R25 mil | R4500 |
|