The purpose for the filing of such annual returns is to confirm whether a company or close corporation is still in business/trading, or if it will be in business in the near future. The annual return may be regarded as a type of annual “renewal” of the company or close corporation registration.
An Annual Return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.
- Companies have 30 business days from the date that the entity become due to file annual returns before it is in non-compliance with the Companies Act.
- Close Corporations have from the first day of its anniversary month up until the thereafter to file Annual Returns before it is non-compliance with the Close Corporations Act.
- Annual Returns can only be filed electronically.
- Always use your customer code to transact with CIPC.
What is an Annual Financial Statement or Financial Accountability Supplement?
For more information on Annual Financial Statements or Financial Accountability Supplements kindly click here.
Steps to file Annual Returns and either Annual Financial Statements or Financial Accountability Supplement
Annual Returns must either be filed electronically on CIPC’s website or on a CIPC Self-Service Terminal (SST). However, the SST process is only suitable for companies and close corporations where the director or member files the Annual Return him/herself.
Price: R 350.00