Re-instatement

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Re-instatements

Restoration
B Doyle and Associates Group can reinstate your Company. The term used for the reinstatement is called Restoration.
Please call us on 011 268 6652 or e-mail info@bdoyle.co.za for a quote.

 

Reason for Deregistration

The most common reason for a Close Corporation/Company being DeRegistered is for non-compliance of Annuals Returns. When annual returns are not submitted over a period of time CIPC will come to the conclusion that the entity is no longer in business and will result in Deregistration. The status of the entity will then be placed in “AR Final Deregistration”.

 

There are other reasons for the status of an entity to change into final deregistration which does not include annual returns renewal.

To change the status of the entity to “In Business” the Restoration process must be completed

 

Requirements for Restoration

A company can only be restored if it meets one of the following requirements:

  • Owns property (Copy of property title deed or bond statement required) Timeframe – approx. 4-5 months, permission is requested from the Dept of Public Works and lodgement can only be done with the no objection letter from DPW.
  • Is trading / was trading at the time of deregistration (Proof required by means of a bank statement) Timeframe – approx. 1-2 months
  • Owns shares in another entity and is paid a dividend (Bank statement required, or a valid signed share certificate) Timeframe – approx. 1-2 months
  • By Court Order (Copy of the court order) Timeframe – immediately

 

Process of Restoration:

Timeframes are dependent on the type of restoration being done. Bearing in mind, the restoration of the entity does not include the renewals of the annual returns. Once the process is completed the entity status changes to “Restoration process”. Should the annual returns not be paid within 30 working days the entity will go back into AR final deregistration without notification. Once the annual returns have been renewed the company status will change to “In business” within 24hrs.

 

Please call us on 011 268 6652 or e-mail info@bdoyle.co.za for a quote.