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CIPC issues key guidance ahead of Government lockdown

25 March 2020 Author :  

One of the ways in which South Africa is going to survive the Government imposed lockdown is if there is regular clear communication from Government departments regarding key issues.

The Companies and Intellectual Properties Commission (CIPC) recently released guidance on how the department will be affected during the Government shutdown.

Below is a replication of that press release.

As from 16:00 on 24 March 2020 up until 1 April 2020 CIPC will be closing all services relating to companies, close corporations and co-operatives. This includes its call centre, self service centres and the online enquiry system.

As from 1 April 2020 only fully automated services (see table below) on the indicated channels will be available to the public.

CIPC issues key guidance ahead of Government lockdown

CIPC will only rollout all of its other services from 16 April 2020. During this period, all service-related mailboxes and upload functionality will also be de-activated.

Annual Reports

For the purposes of filing Annual Returns, it should be noted that the filing period, which falls within 25 March 2020 to 15 April 2020, will be extended until 30 April 2020.

If the filing period falls outside of such period, the normal prescribed filing period will be applicable.

This extension of the filing period has the effect of deferring penalties, compliance checklists and preparation of annual financial statements.

De-registrations

For purposes of de-registrations, the CIPC will not take any action by placing companies and close corporations into deregistration for non-compliance of Annual Returns. Further, the company will not deregister any company or close corporation that is currently in the de-registration process for non-compliance with Annual Returns, until further notice.

Name reservations

For purposes of name reservations, all name reservations that falls within the period of 25 March 2020 to 15 April 2020 will automatically be extended until 30 April 2020.

Business rescue

For purposes of business rescue, a general extension is provided for business rescue proceedings which commenced, but which did not complete the procedure as stated within section 129 of the Companies Act, 2008 (the Act), until 30 April 2020.

Further, for proceedings that have not yet commenced in terms of section 129 of the Act, dies non will apply until 16 April 2020.

Bruce Berry CEO TMA-SA

Regards
Bruce Berry
TMA-SA CEO

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