The Companies and Intellectual Property Commission (“CIPC”) has noted over the past years that the volume of non-application documents and e-mails to the various business rescue processing mailboxes has increased.
You may find that the registration number of your application submitted last year is 2020 and the incorporation date (or registration date) is 2021. This is due to the automation of CIPC’s system.
All new applications of co-operatives lodged directly or by the third party on behalf of the co-operatives, must over and above existing requirements, take note of the following requirements regarding the constitution of a co-operative
Uploading on new-e-services for online co-operative registration
Notice 11 of 2020 published on 02/03/2020 refers, CIPC continually striving to provide excellent service and faster turnaround times. In its endeavour to improve its services, CIPC has developed a functionality to register Co-operatives electronically (online).
New e-services functionality: on-line co-operative registration now available
The Companies and Intellectual Property Commission (CIPC), acknowledges the impact that the COVID-19 pandemic and the national lockdown in terms of the Disaster Management Act has had on companies and close corporations and may continue to have in the near future. With the move of South Africa to lockdown level 1 and the re-start of the economy, it is imperative that all entities re-commence with their regulatory compliance obligations.
Re-commencement of companies and close corporations regulatory compliance obligations
In our endeavour to improve our service turnaround times, we have created dedicated emails for submission of applications relating to amendments. This will enable us to shorten the process and thereby directing the applications to the relevant teams.
New email addresses for applications relating to co-ops amendments
The 1st July 2018 marked a significant milestone in the CIPC’s journey in adopting XBRL as a digital platform and standard of financial reporting which supported the submission of Annual Financial Statements (AFS’s) generated based on the International Financial Reporting Standards (IFRS). The submission of AFS’s that were generated based on Generally Recognized Accounting Principles (GRAP) will now be supported from 01 October 2020.