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ACCOUNTING □ TAXATION □ BUSINESS CONSULTING |
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ACCOUNTING □ TAXATION □ BUSINESS CONSULTING
TEL : 083 469 6416 FAX: 086 692 4048 INFO@SKMC.CO.ZA
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ANNUAL RETURNS FOR CLOSE CORPORATIONS
INTRODUCTION TO ANNUAL RETURNS: CLOSE CORPORATIONS ACT NO. 69 OF 1984
When will the Registrar introduce Annual Returns?
Annual returns for Close Corporations were introduced on 1 May 2008.
What is the purpose of an Annual Return?
In keeping with legislation, the Registrar of Close Corporations needs to determine whether a registered organisation is still in business and to confirm the Registrar is in possession of the latest information of the close corporation, each close corporation in compelled in terms of the Act to lodge an Annual Return once every year.
When do I need to lodge the close corporation's Annual Return?
An Annual Return needs to be lodged within the anniversary month of its official incorporation up until the end of the month following its anniversary month.
What will happen if I fail to lodge the close corporation's Annual Return?
Should a close corporation fail to lodge and pay for its Annual Returns for a period more that six months the Registrar may conclude that the close corporation is no longer conducting business and may refer it to be deregistered.
What costs and protocols pertain to the lodgement of Annual Returns?
The Annual Return must be lodged on payment of the prescribed fee in electronic format, as stipulated by the Close Corporations Administrative Regulations. The prescribed fees relating to Annual Returns for close corporations encompasses the following:
Please note that the above are fees payable to CIPC. Our fees for rendering the service must still be added. You can click on the link at the bottom of the page to complete the online form and request a quote from us.
What if the information that I must lodge with the Annual Return is not the same as the information on CIPC's database?
The close corporation can verify what information is on CIPC's database by requesting a disclosure certificate from CIPC's website http://www.cipro.gov.za at a prescribed fee of R30.00. If the information that must be lodged with the Annual Return is not the same as the information on CIPC's database, the relevant CK2 and CK2A form must be lodged a couple of weeks before the annual return is due.
What sections of the Close Corporations Act and regulations regulates Annual Returns for close corporations?
Section 15A of the Close Corporations Act and Section 16A of the Close Corporations Administrative Regulations regulates Annual Returns for close corporations. The Close Corporations Act and the Close Corporations Administrative Regulations is available on CIPC's website under Acts and Notices.
Help with lodgement of Annual Returns
If you would like us to assist you with lodgement of your Annual Return for Close Corporations, we will need the following information from you:
We levy a fee plus the prescribed CIPRO fee for completing your return. The fee includes comparing the information on CIPC's website with the information on the Close Corporation's statutory records, lodging the return and making payment of the fee to CIPRO on your behalf.
If you would like to make use of our services, please CLICK HERE to complete the online request form, and we will e-mail you an invoice of which must be made a direct deposit into our bank account, before we will be able to lodge your return.
Please note that you need to provide us with the information at least 2 months before your Annual Return due date for us to be able to submit your return in time to avoid penalties. If your return is late already, or is due in less than one month, the penalty of R150.00 will be added to your invoice and paid over to CIPRO.
Lodge Annual Return / Request Quote
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