ANNUAL RETURNS
All companies and close corporations are required by law to lodge their annual returns with CIPC every year.
An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with.
Non-compliance with annual returns may lead to de-registration, which has the effect that the company or close corporation ceases to exist and be withdrawn.
It must be filed within 30 business days from the anniversary date of incorporation. If filed later that the 30 business days, a penalty fee will be payable.
As a registered customer on the CIPC system, we inform all our clients prior to the date of lodgement to avoid this penalty fee and do the lodgement on their behalf.