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ARTICLE · 19 FEBRUARY 2020

CIPC Mandatory Compliance Checklist

Section 33(1) of the Companies Act 71 of 2008 (as amended) ("Companies Act"), states that every company must file an Annual Return. The Companies and Intellectual Property Commission's...

South AfricaCorporate/Commercial Law

Section 33(1) of the Companies Act 71 of 2008 (as amended) ("Companies Act"), states that every company must file an Annual Return. The Companies and Intellectual Property Commission's ("CIPC") announced that new requirements will apply for companies to declare their compliance status to specific sections of the Companies Act in the form of a CIPC Compliance Checklist. The CIPC Compliance Checklist will be required to be submitted with the Annual Return of the company.

CIPC states that the objectives of the Compliance Checklist are:

  • To ensure compliance with the mandatory requirements of the Companies Act;
  • To serve as an educational tool for directors and company secretaries, in guiding them with regards to their responsibilities in terms of the Companies Act;

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