1. A co-operative may apply to:
    • convert into any other form of corporate of unincorporated body in accordance with the applicable legislation; and
    • cancel its registration as a co-operative.
  2. An application to convert may only be made if the board of directors has submitted a proposal to a general meeting, detailing the reasons for and the terms of the proposed conversion.
  3. A copy of the proposal must be attached to the notice of the general meeting, and must be adopted by special resolution.
  4. A declaration by the board of directors of the co-operative must be attached to an application establishing:
    • compliance with he relevant provisions of the Co-operative Act and the constitution of the co-operative; and
    • that the interests of creditors will be protected in accordance with section 64.
  5. The registrar may require the board of directors to submit such proof as the registrar may require in any matter containted in the declaration by the board of directors.
  6. If the registrar is satisfied that there has been compliance with the provisions of this Act, the registrar must:
    • cancel the registration of the co-operative; and
    • remove its name from the register of co-operatives
  7. As from the date on which the registration of a co-operative is cancelled:
    • the co-operation cease to exist
    • all assets, rights, liabilities and obligations of the co-operative vest in the corporate body or unincorporated association of persons into which the co-operative has been converted it if it is by virtue of its constitution capable of owning property separate from its members; and
  8. Complete and attach special resolution form Co-op 6.4

if the co-operative is converted into a company, all members of the co-operative become shareholders of that company

A co-operative can be converted to a company.  The conversion can be done manually.

To convert a co-operative to a company, follow these steps:

Register as a Customer

To view information on how to register as a customer, click here.  If you are already registered as a customer, and know your customer code and password, proceed to step 2.

Deposit funds

  • To convert a co-operative to a short standard private company (CoR15.1A), deposit R50 for the name reservation and R125 for company registration in the CIPC bank account.  For the bank account details, click here.
  • To convert a close corporation to a company with a customised Memorandum of Incorporation, or using CoR15.1B, deposit R50 for the name reservation and R425 for company registration into the CIPC bank account.  For the bank account details, click here.

Conversion to a company or cancellation of registration as a co-operative

 

 Important: Use the name that the company will be using after conversion on all the forms.

   Important: After approval of a request by Co-operatives section, print and complete the following forms:

  •  Protection of creditors to amalgamations, divisions, conversion or transfer of co-operatives must be:
  • Protection of creditors to amalgamations, divisions, conversion or transfer of co-operatives (s64)

icons-print.pngTo convert a co-operative to a company, print and complete the following forms:

  • A Memorandum of Incorporation for the company to be formed (CoR15.1.A or CoR15.1 B or customized MOI).  Click here for information on email addresses and requirements for submission.
  • Form CoR39 to identify the initial directors of the company. Click here for information on email addresses and requirements for submission.
  • Form CoR21.1 if a change in registered office is to be made.  Click here for information on email addresses and requirements for submission.
  • Form CoR25 if a change in financial year end is to be made.  Click here for information on email addresses and requirements for submission.
  • Form CoR44 if an auditor for the company has been appointed.  Click here for information on email addresses and requirements for submission.
  • Form CoR44 if an audit committee has been appointed.  Click here for information on email addresses and requirements for submission.
  • Form CoR9.4 (reserve a name) if a change of name must take place upon conversion.
  • icons-doc.pngOther supporting documents required are: 
    • The original written resolution or statement of consent
    • Certified identity copy of the applicant
    • Certified copied of the identity documents of all the incorporators and the directors

Click here to lodge an enquiry.

Important:  Queries relating to  transactions already lodged should only be submitted once the Service Turnaround Time has lapsed.