What is CIPC?
The Companies and Intellectual Property Commission (‘CIPC’) was established in terms of the Companies Act No 71 of 2008. It is an organ of state that falls within the ambit of the Department of Trade and Industry, with its primary mandate being to promote business ownership amongst South African citizens as well as to ensure compliance with company legislation. The CIPC has various functions which include registering companies, keeping records on all registered companies, regulating corporate governance and providing information to those who wish to register a business or need advice regarding their existing business.
Changing Directors On Cipc: What You Need To Know
As part of CIPCs regulations governing corporate governance, changes made to directors must be formally recorded on your company profile at the commission in order for it to be legally recognised. This includes when new directors are appointed or current ones resign from their positions. In this article we will outline how you can go about changing directors on the CIPC database so that your records will remain up-to-date and legal requirements can be met accordingly.
Step 1 – Notify The Commission Of Changes
Before making any changes it is important that you notify the commission via email letting them know what kind of change you plan on doing and why it needs to take place e.g adding a director or removing one due resignation etc.. Once done they will provide confirmation via return email detailing payment instructions (if applicable). You should also make sure that all necessary documentation such as identity documents have been uploaded onto their online system prior to submitting anything else related thereto.*
Step 2 – Submit Necessary Forms & Documents
After receiving confirmation from the commission you may then begin filling out any forms relevant for making director changes e.g Form CoR 14 if appointing/removing a director etc.. These forms must then also be accompanied by supporting documents which could vary depending on whether person(s) being added/removed were previously shareholders or not – but generally would include copies of ID’s / Passports & proof address etc… All these items should then collectively be sent back off electronically once again through their online portal iro directing transactions taking place therein*.
Step 3 – Wait For Confirmation
Once submitted correctly ,the commission should get back in touch with an update confirming successful completion thereof . An acknowledgement letter outlining details surrounding transaction just conducted shall also follow suit shortly after this stage . This document serves as proof itself for future reference should there ever arise any queries regarding said amendment(s ) made retrospectively* .
Conclusion
In conclusion , changing directors at The Companies And Intellectual Property Commission doesn’t necessarily have familarity associated wtih its process , however following steps outlined above plus always having access available personnel willing assist throughout journey ensures smooth transition everytime !
