across the bar

Annual Returns for CIPRO

by Nicci - Posted 15 January 2010

All Companies and Close Corporations have to complete and lodge annual returns to CIPRO on the anniversary month of its Incorporation.    If you don't lodge in time, a penalty charge of R150.00 is payable and failing to comply within 6 months may lead to the Registrar concluding that the entity is no longer in business and refer it to be deregistered.  

Registrar's fees payable (based on turnover):

Private Companies:            less than R10m                                     R  450.00

                                                above R10 less than R50m                   2500.00

                                                above R50m                                              4000.00

Close Corporations:           less than R50m                                          100.00

                                                above R50m                                              4000.00