Annual Returns

ANNUAL RETURNS
ANNUAL RETURNS
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FAQ – Annual Returns

When must a company or close corporation file its annual returns?

  • Companies and close corporations are required to file annual returns once a year within a given time period. Companies must file within 30 business days after the anniversary date of its incorporation while close corporations must file within the anniversary month of its incorporation up until the month thereafter.

 

If a company or close corporation has filed its tax returns with SARS, is it still required to file annual returns with CIPC?

  • A clear distinction must be made between an annual return and a tax return. An annual return is a sort of “renewal” and has the purpose to confirm whether CIPC is in possession of the most up to date information of a company or close corporation and that the company or close corporation is still conducting business. A tax return focuses on taxable income of a company or close corporation in order to determine the tax liability of the company or close corporation to the State and is filed with SARS. Compliance with the one does not mean that there is automatic compliance with the other. It is two different processes administered in terms of different legislation by two different government departments. Therefore, even if the tax return has been filed with SARS, the annual return must still be filed with CIPC.

 

Will the annual return replace the filing of other prescribed or statutory forms?

  • An annual return is not an amendment form and therefore, the annual return must be followed by the appropriate statutory form to update the CIPC registers after filing if CIPC is not in possession of the most up to date information. An example of this is if the company address changes, a form CoR21.1 must still be completed and submitted to CIPC.

 

Should all annual returns be up to date before a close corporation converts to a company?

  • If a close corporation converts to a company and the conversion application on Form CoR18.1 is received on or before the last day before the start of the anniversary month of the close corporation, then the annual return for such year does not need to be filed. The reason for this 4 is that no obligation has yet arisen for the filing of the annual return for the current year. All other outstanding years must be brought up to date. For future filing of annual returns, the anniversary month will then be the month within which the close corporation was converted. Should the close corporation file its application for conversion within the month of the anniversary of its incorporation or the month thereafter then all annual returns must be brought up to date including the annual return for the current year.

 

Should all annual returns be up to date if the company converts from one category of company to the other?

  • The company does not have to be up to date with annual returns before converting but it should not be in “deregistration process” or “final deregistered”. If in “deregistration process” the company must first object to deregistration in writing (if not due to annual return non compliance) or file all outstanding annual returns (if due to annual return non compliance) before applying to convert. If the company is final deregistered it must first be re-instated.
CIPC Fee Structure

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External Company

What is an external company?

A foreign or external company is a company incorporated outside of South Africa, irrespective of whether it is a profit or non-profit company or carrying on business in South Africa. A foreign company is prohibited from offering securities to the South African public unless it follows the specific provisions of the Companies Act, 2008, relating to offers to the public.

A foreign company is required to register as an “external company” with the CIPC if it conducts or intends to conduct business in South Africa. Section 23 of the Companies Act, 2008, lists a series of activities which will be regarded as conducting business.
This list includes: • Holding a meeting or meetings of shareholders or board of the foreign company, or otherwise conducting the internal affairs of the company;
• Establishing or maintaining any bank or other financial account;
• Establishing or maintaining offices or agencies for the transfer, exchange or registration of the foreign company’s own securities;
• Creating or acquiring any debts, mortgages, or security interests in any property;
• Acquiring any interest in intellectual property; and
• Entering into contracts of employment.

If you need assistance with this please contact us at info@bdoyle.co.za

#company #business #pty #privatecompany #CIPC #companylife #money #instagood #southafrica #jozi #sandton #companyregistration #shelfcompany #SARS #cipro #PTYLTD #makingmoney #futureisnow #enterprise #corporation #secretarial #secretarialservices #companysecretaryPRE-REGISTERED CUSTOMS COMPANY
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We have limited stock on our pre-registered shelf company packages!!!!! .
Package deal includes:
• Shelf company (2018)
• Income Tax Registered
• Tax Clearance Certificate
• Pre-registered import and export code (Customs)
• Valid Bank Account
• Change of directors, Registered address, Auditors (preparation)
• Change of directors, Registered address, Auditors (lodgement)
• Change of shareholding
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Contact us at info@bdoyle.co.za
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#import #export #imported #exports #shipping #ship #cargo #trade #business #makingmoney #money #courier #logistics #freight #sky #sunset #importandexport #company #ptyltd #companyregistration #shelfcompany #secretary #companysecretary #corporation #saica #cima #saipaNPO (NON PROFIT ORGANISATION)

An NGO is a Non-Government Organisation, which is a generic umbrella name for the following:

1) Register an NPC (Non Profit company - Old Sec 21 co), 2) Amend the MOI to be in line with the ninth schedule

You will then decide which registrations you require:

Registration as an NPO with Social Welfare - (Non-Profit organisation i.e. an NPC who requires registration with the Dept. of Social Development, so it can fundraise)

Registration as an PBO with SARS - application for tax exemption - (Public Benefit Organisation i.e. an NPC who requires tax exemption status with SARS, so it can become tax exempt)

Should you require these services please contact us info@bdoyle.co.za

#company #companyregistration #instagood #companysecretary #secretarial #secretary #ptyltd #corporation #makingmoney #money #NPO #charity #nonprofitorganization #nonprofit #publicbenefit #business #work #shelfcompany #workaholicIMPORT EXPORT CODE REGISTRATIONS!!!
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We can register your company for import export code if you meet the following basic requirements:
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-All directors/members of the entity must be registered for personal income tax
-The entity in questions must have a valid bank account
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If you are interested please contact us at info@bdoyle.co.za
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#import #export #imported #exports #shipping #ship #cargo #trade #business #makingmoney #money #courier #logistics #freight #sky #sunset #importandexport #company #ptyltd #companyregistration #shelfcompany #secretary #companysecretary #corporation #saica #cima #saipaWhat is a Private Company PTY (LTD)? A private company is the most common and simplest form of company to be registered. It is comparable to a close corporation. Close corporations are no longer registered.

Private Companies may not offer shares to the public and restrictions are also placed on the transferability of their shares. Private companies must have at least one director and one incorporator. The director and incorporator may be the same person. The word “person” includes a juristic entity. This means that a legal entity or a trust may be an incorporator of a new company.  Most private companies are owner managed and tend to have a smaller number  of directors. 
If you are interested in purchasing a PTY LTD shelf company without any amendments please complete the following online form:

www.bdoylegroup.wufoo.eu/forms/shelf-company-order-form/

If you wish to register a new PTY LTD you are more the welcome to complete the following online form:

www.bdoylegroup.wufoo.eu/forms/new-company-registration/

#company #business #pty #privatecompany #CIPC #companylife #money #instagood #southafrica #jozi #sandton #companyregistration #shelfcompany #SARS #cipro #PTYLTD #makingmoney #futureisnow #enterprise #corporation #secretarial #secretarialservices #companysecretaryGood morning everyoneHave a great Monday everyone. www.bdoyle.co.za