{"id":21126,"date":"2024-06-20T12:13:17","date_gmt":"2024-06-20T10:13:17","guid":{"rendered":"https:\/\/www.cipc.co.za\/?p=21126"},"modified":"2024-06-20T12:16:01","modified_gmt":"2024-06-20T10:16:01","slug":"cm-forms-vs-cor-forms","status":"publish","type":"post","link":"https:\/\/www.cipc.co.za\/?p=21126","title":{"rendered":"CM forms vs COR forms"},"content":{"rendered":"\n[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;4.18.0&#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;4.25.1&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; custom_padding=&#8221;0px||53px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<p>(Issued in terms of Regulation 4 of the Companies Act Regulations)<\/p>\n<p>It has come to the attention of the Commission that certain financial institutions, foreign embassies and others question the validity of CM forms (issued and applicable in terms of the previous Companies Act, 61 of 1973) when presented by companies incorporated prior to the implementation of the current Companies Act, 71 of 2008.<\/p>\n<p>Schedule 5, Item 2 of the Companies Act (current) states as follows:-<\/p>\n<p>\u201c(1) As of the general effective date, every pre-existing company that was, immediately before that date- (a) incorporated or registered in terms of the Companies Act, 1973 (Act 61 of 1973); or (b) recognised as an \u2018existing company\u2019 in terms of the Companies Act, 1973 (Act 61 of 1973), continues to exist as a company, as if it has been incorporated and registered in terms of this Act, with the same name and registration number previously assigned to it, subject to item 4.\u201d<\/p>\n<p><a href=\"https:\/\/www.cipc.co.za\/wp-content\/uploads\/2024\/06\/NOTICE-TO-CUSTOMERS-CM-vs-COR.pdf\">Guidance note 1 of 2024<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>(Issued in terms of Regulation 4 of the Companies Act Regulations) It has come to the attention of the Commission that certain financial institutions, foreign embassies and others question the validity of CM forms (issued and applicable in terms of the previous Companies Act, 61 of 1973) when presented by companies incorporated prior to the [&hellip;]<\/p>\n","protected":false},"author":20,"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-21126","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\/21126","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\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21126"}],"version-history":[{"count":7,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/21126\/revisions"}],"predecessor-version":[{"id":21134,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/21126\/revisions\/21134"}],"wp:attachment":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}