Deregistration of Companies due to Non-Compliance with the Company Act

Pretoria- Friday, 17 January 2025: The Companies and Intellectual Property Commission (CIPC) has initiated a large volume of deregistrations due to continued low compliance with Annual Returns, Beneficial Ownership, and other obligations under the Companies Act.

The high level of inactive business among companies significantly contributes to low compliance levels, therefore companies are advised to register the companies only when there is a genuine economic or business opportunity. Directors must comply with the provisions of the Companies Act, even if their companies are dormant, as dormant companies pose a risk of being used for money laundering, terror financing, and other criminal activities.

The consequences of deregistration for non-compliant businesses are severe and they include directors being personally liable for the company’s debts, bank accounts will be frozen by the relevant banks, service providers may refuse to deliver services and creditors may refuse to pay, as the business does not legally exist.

Although businesses can apply for reinstatement after final deregistration, only those that can provide confirmation of economic activity or other economic value at the time of final deregistration will be reinstated. The reinstatement process is cumbersome, requiring evidence of economic activity along with the relevant form. For detailed requirements please refer to Practice Note 1 of 2022. Additionally, all outstanding annual returns must be paid and submitted once the application has been processed.

The CIPC issues reminders to businesses about their responsibilities to comply with annual returns and beneficial ownership requirements timeously via email and sms directly to the provided contact details of directors and members. Clients are urged to ensure that their contact details are up to date all the time.

Businesses are advised to check their company status via Bizportal or e-Services, if the current business status is AR deregistration process, businesses must submit all outstanding Annual Returns and Beneficial Ownership Declarations urgently to avoid final deregistration and the consequences thereof.

Ends.

Issued By: CIPC Communications
Media inquiries: Ndileka Cola – Head of Communications
Cellphone: 073 376 8758
email: NCola@cipc.co.za

Media Statement 1 of 2025

Companies and close corporations not compliant with compulsory Annual filing of beneficial ownership declarations and securities registers

Upon reviewing our registers, it has come to our attention that there are several companies and close corporations that have not yet complied with legislative requirements – filing of their Beneficial Ownership (BO) declaration and securities registers. A list containing non- compliant entities has been published on our website under “Publications”, for ease of reference.

Non-compliance with the BO declaration filings is a violation of the Amended Companies Regulations to give full effect to the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022. Directors of companies and members of close corporations are urged to comply within seven (7) business days from date of publication of this notice, with filing of BO declaration and Securities Registers. Failure to comply will result in the company or close corporation not being able to perform any transactions with CIPC and will further be issued with a compliance notice and/or a court sanctioned administrative fine and ultimately referred for deregistration.

Notices of BO non-compliance were issued electronically to the contact details of the active directors, company secretaries and members of close corporations.

Therefore, directors, company secretaries and members MUST ensure compliance with legislation and that the CIPC always has their correct, valid, up to date e-mail addresses (not that of Auditor and/or Accounting Officer or service provider), registered company Address and cell phone numbers as per the Customer Notice 70 of 2018

NB: For guidance on how to file BO declaration, follow the step-by-step guides as published under the Beneficial Ownership section, click here

To view the list of entities that are non-compliant with beneficial ownership requirements, click here.

Notice 04 of 2025

Co-operative that has been directed to change name by the registrar of co-operatives in terms of section 11 of co-operatives Act no. 14 of 2005, as amended

Notice is hereby given in terms of section 11 of the Co-operatives Act of 2005 as amended, that co-operative name have been amended as follows:

1. SAFIKA MULTIPURPOSE CO-OPERATIVE LIMITED (2015/002842/24) has been revoked and changed to XURANA MULTIPURPOSE PRIMARY CO-OPERATIVE LIMITED

Notice 03 of 2025

Co-operative that has been directed to change name by the registrar of co-operatives in terms of section 11 of co-operatives Act no. 14 of 2005, as amended

Notice is hereby given in terms of section 11 of the Co-operatives Act of 2005 as amended, that co-operative name has been amended as follows:

1. CHEESE CURLS AGRICULTURAL CO-OPERATIVE LIMITED (2022/605746/24) has been revoked and changed to BEWANA AGRICULTURAL PRIMARY CO-OPERATIVE LIMITED

Notice 02 of 2025

Disparity of Registration numbers and incorporation dates

Dear Customers

You may find that the registration number of your application submitted last year 2024 and the incorporation date (or registration date) is 2025. This is due to the automation of CIPC’s system. CIPC assigns the year of registration as the year within the application was received, while the incorporation date is the actual date that the company was registered.

Notice 01 of 2025