A CIPC Annual return need to be submitted to the registrar on an annual basis ... in the month the company has been registered. For Closed Corporations this only came into effect on 1st September 2008.
The purpose of the annual return is to assist CIPC to determine if a company is still in business and to confirm the Registrar is in possession of the latest information.
Should a company fail to lodge and pay for its Annual Returns for a period more than six months the Registrar may conclude that the company is no longer conducting business and may refer it to be deregistered.
A property in a Company or Closed Corporation cannot be sold when such Company or Closed Corporation is deregistered.
Prescribed fees for a CIPC annual return based on the turnover of the entity.
In the annual return the following details need to be confirmed.
* Contact information
* Members / Directors details
* The Accounting officer in case of a Closed Corporation
* The Auditor in case of a company.