All companies (including external companies) and close corporations are required by law to lodge their annual returns with the Companies and Intellectual Property Commission (“CIPC”) within a certain period of time every year.
An annual return is a statutory requirement in terms of the Companies Act 71 of 2008 (as amended) and the Close Corporations Act 69 of 1984 (as amended). Non-compliance with this requirement will lead to the CIPC assuming the company or close corporation is not in business or intending on doing business in the near future. This may result in the company being removed from the register, which means the company or close corporation will cease to exist.
- Companies have 50 calendar days from the anniversary of the incorporation date to file an annual return.
- Close Corporations have two months from the first day of the anniversary month of the incorporation date to file an annual return.
- Annual returns can be filed electronically via either the CIPC or InfoDocs.