Annual Return Submission
Who must submit the annual return?
All close corporations and companies must submit annual returns to avoid penalties charged and the possibility of being de-registered.
If a cc or company is dormant and you do not want this to be de-registered annual returns MUST also be submitted.
When must the annual return be submitted?
The annual return must be submitted during the month following the anniversary (incorporation) month.
Why must the annual return be submitted?
To update the latest information and for the companies and intellectual properties commission and for them to determine whether a company is still in business.
What happens if the annual return is not submitted on time?
If a company fails to lodge its annual return within the prescribed period, the company will eventually be final de registered, meaning that it will no longer exists.