We offer a range of secretarial services that will support your business in its journey from inception.
Our services for companies are detailed below.
By registering your company, you would be in a position to trade formally, open a bank account for your business, grow your entity through contracts, tenders, supplier listings and much more.
When you register a new company, you have the scope to apply your own unique company name. Read More about our services pertaining to new company registrations.
The CIPC timeframe in order for our team to register a new company on behalf of a client is 3-5 working days after submission of all required supporting documentation.
Under South African legislation, a company may be registered with or without a company name. In the event of the latter, the registration number automatically becomes the company name. If your intention as an owner is to build your company into a brand, we would advise you to register your entity with a company name as to start the process of ultimately protecting your intellectual property. More about our company registration service. The time frame to register a business name is generally 2 working days or 5-14 days for a name change. In both cases, we rely on standard time-frames of the CIPC, and as a result, the process could take less or more time, dependant on backlogs at the CIPC.
Annual returns of companies
and Close Corporations
All companies and Close Corporations are required to submit annual returns to CIPC. Failure to do so will result in penalties being levied and the consequences can extend to deregistration and company closure. Along with the annual return, certain companies are required to submit their AFS in iXBRL format. The failure to comply with these provisions can lead to penalties and even deregistration. Read further to understand these obligations and how we can be of assistance.
New NPC and
Non-profit companies (or “NPC” entities) are incorporated to serve public benefit or to serve interests such as cultural or social activities, or communal or group interest. The income and property of such entities is not distributable as this must be applied to advance the purpose for which the entity was created. External companies, on the other hand, are entities incorporated outside of the borders of South Africa with either non-profit or with-profit objectives. Where such an external company conducts or intends to conduct business in South Africa, the foreign company is required to register in South Africa as an “external company”.
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Contact our team to talk about your company’s secretarial needs…
Re-instatement of companies or close corporations
Where a company or close corporation has been deregistered by the CIPC, due to failure to timeously or accurately submit annual returns, or for reasons beyond this, a reinstatement only occurs in the following scenarios:
- The company or close corporation was in business at the time of deregistration. Sufficient documentary evidence in the form of bank statements for a period of 6 months before and six months after the deregistration date would be required.
- Immovable property is registered in the name of the deregistered business.
- An order reinstating the company or close corporation has been issued by a South African court of law.
Conversion of a Close Corporation to a Company
- A Close Corporation is permitted under Item 2 of Schedule 2 to the Companies Act, 2008, to convert into a profit company having shares, i.e. a private company, a public company or a personal liability company. Close Corporations and conversions are discussed in greater detail here.
- The timeframe for the processing of a conversion application is 15 working days from the date of receipt of the supporting documentation.