{"id":14123,"date":"2022-08-31T16:33:53","date_gmt":"2022-08-31T14:33:53","guid":{"rendered":"https:\/\/www.cipc.co.za\/?p=14123"},"modified":"2022-08-31T16:34:18","modified_gmt":"2022-08-31T14:34:18","slug":"filing-requirements-for-licensing-as-business-rescue-practitioner-cor126-1","status":"publish","type":"post","link":"https:\/\/www.cipc.co.za\/?p=14123","title":{"rendered":"Filing requirements for licensing as business rescue practitioner (COR126.1)"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; custom_padding=&#8221;0px||2px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p><strong>Note that Notice 02 of 2019 is hereby withdrawn and replaced by Notice 23 of 2022<\/strong><\/p>\n<p>As from 15 June 2021, information relating to the form CoR126.1 and legal documents in terms of section 138 (1) of the Companies Act 71 of 2008 (\u201cthe Act\u201d), must be submitted via the electronic platform New e-Services,<br \/><a href=\"https:\/\/www.cipc.co.za\">www.cipc.co.za<\/a>\/Enterprise Registration\/New e-Services. Manual forms for licensing will no longer be accepted as being submitted or filed if it was received via email to <a href=\"mailto:cor126.1@cipc.co.za\">cor126.1@cipc.co.za<\/a>.<\/p>\n<p><strong>Documents to be submitted:<\/strong><\/p>\n<ul>\n<li>\u00a0A comprehensive r\u00e9sum\u00e9 (CV) containing full and detailed particulars of the applicant\u2019s history and relevant experience of active engagement in a business turnaround and\/or business rescue activities.<br \/>A schedule of experience including the following must be supplied:<\/li>\n<\/ul>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\uf0a7 Enterprise Name and Number for which business turnaround or business rescue was conducted;<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\uf0a7 Duration dd\/mm\/yyyy;<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\uf0a7 Specific role the incumbent had or is having in the company; and<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\uf0a7 Outcome;<\/p>\n<ul>\n<li>Supporting documentation to substantiate the information in respect of the history and relevant practical experience, (provide references).<\/li>\n<li>Copy of a valid TAX clearance certificate (individual).<\/li>\n<li>\u00a0Letter of Good Standing from the Accredited Professional Body by the Commission.<\/li>\n<li>A Sworn statement in terms of Section 138 (1) stating that the applicant:-<br \/>\u00a0 \u00a0 \u00a0 \u00a0a. Is not subject to an order of probation in terms of section 162 (7);<br \/>\u00a0 \u00a0 \u00a0 \u00a0b. Would not be disqualified from acting as a director of the company in terms of section 69 (8);<br \/>\u00a0 \u00a0 \u00a0 \u00a0 and<br \/>\u00a0 \u00a0 \u00a0 \u00a0 c. Is of sound financial status;\u00a0<\/li>\n<li>The applicant must adhere to the concurrent application of Section 5(6) of the Companies Act 71 of<br \/>2008 as amended, in case of a listed entity.<\/li>\n<\/ul>\n<p><strong>NB: A person who knowingly provides false information to the Commission commits an offense<\/strong><\/p>\n<p><a href=\"https:\/\/www.cipc.co.za\/wp-content\/uploads\/2022\/08\/Revised-Filing-requirements-for-licensing-as-a-Business-Rescue-Practitioner-CoR126-1_v0-26-Aug-2022-002.pdf\">Filing requirements for licensing as business rescue practitioner (COR126.1)<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Note that Notice 02 of 2019 is hereby withdrawn and replaced by Notice 23 of 2022 As from 15 June 2021, information relating to the form CoR126.1 and legal documents in terms of section 138 (1) of the Companies Act 71 of 2008 (\u201cthe Act\u201d), must be submitted via the electronic platform New e-Services,www.cipc.co.za\/Enterprise Registration\/New [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-14123","post","type-post","status-publish","format-standard","hentry","category-notices"],"_links":{"self":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/14123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14123"}],"version-history":[{"count":2,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/14123\/revisions"}],"predecessor-version":[{"id":14127,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/14123\/revisions\/14127"}],"wp:attachment":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}