Audited annual financial statements: Requirement to disclose remuneration and benefits of directors and prescribed officers

The purpose of this notice is to inform companies that are required to have their annual financial statements (AFS) audited and those that have had their AFS voluntarily audited in terms of Section 30 (2) of the Companies Act 71 of 2008, as amended (the Act); that it is mandatory to disclose directors’ or prescribed officers’ remuneration and other benefits paid, payable or receivable as per Section 30 (4)(5)(6) of the Act.

Audited annual financial statements: Requirement to disclose remuneration and benefits of directors and prescribed officers

Recommencement of referral for deregistration of non-compliant companies and close corproations

The Companies and Intellectual Property Commission (CIPC) would like to advise customers, that although the National Lockdown levels are still in place, CIPC has a legal duty in terms of section 186(1)(b) of the Companies Act, 2008 (the Act) to maintain an accurate and up-to-date registry of companies and close corporations.

Recommencement of referral for deregistration of non-compliant companies and close corproations

 

Acknowledgement of the appointment of business rescue practitioners

ACKNOWLEDGEMENT OF THE APPOINTMENT OF BUSINESS RESCUE PRACTITIONERS

Since the introduction of Chapter 6 of the Companies Act it has been the practice that upon receiving the appointment of the business rescue practitioner (CoR123.2) by the company, we the Commission date stamp it to confirm such appointment.

Due to challenges posed by the Covid-19 pandemic, at times it is not always possible to affix a date stamp because of the office closure due to deep cleaning and sanitization at various intervals. Having said the above and in order to verify and confirm appointment of the business rescue practitioner, kindly do a company disclosure where the records should include the name of the appointed practitioner, since we cannot physically date stamp the CoR123.2 form.

All enquiries Including applications relating to the appointments of the business rescue practitioners must be forwarded to cor123.2@cipc.co.za

For further assistance kindly log a ticket via the CIPC online ticketing system www.cipc.co.za/enquiries.

Acknowledgement of the appointment of business rescue practitioners