A company can be deregistered either automatically by failing to file annual returns or manually by referring the company for deregistration to the Companies and Intellectual Property Commission (“CIPC”).
Deregistration will begin automatically when a company fails to file two or more annual returns. The CIPC will then notify the company to inform them of their deregistration status (using the contact details provided to them). And the company will be deregistered altogether when a maximum of five annual returns are outstanding.
A company can also be manually referred for deregistration by any person, company, or close corporation (incl. the company itself), provided the company has ceased to carry on business and has no assets or inadequate assets for the purpose of liquidation.
To Deregister your company follow the instructions below:
Step 1: Compile a letter stating that:
- the company has ceased all trading or is dormant
- the company owns no assets and cannot be liquadated
- include the company tax number
- the letter must be signed by at least 50% of the board
Step2: Retrieve the following additional supporting documentation:
- tax clearance or other SARS certified document indicating no tax lianility exsists
- If a third party is applying for the deregistration proof must be submitted that the company is dormant or has ceased trading and has no assets and therefore cannot liquidate
Step 3: Send the letter and other supporting documents to firstname.lastname@example.org.
Your deregistration finalisation will be processed within 3 months, you will then receive a final deregistration letter from CIPC to confirm the deregistration.