What are the compliance requirements when it comes to the CIPC
Compliance obligations play an integral role in the functionality and operating capacity of a business. Highyield Finance is a firm of Accountants that specializes in assisting businesses of various natures with all of the accounting and tax related matters. Our core purpose of assisting businesses is growth through planning.
Our definitive services include, but are not limited to:
Doing away with requirement for all PTY Ltd Audits
Bookkeeping and vat returns
An important aspect to consider is that private or personal liability companies that are required to be audited by the Companies Act, 2008 or regulation 28 must file a copy of the latest approved Audited Financial Statements on the date that they file their annual return with the CIPC.
Compliance obligations according to the CIPC regulations are important to adhere to. This includes the maintenance of a private or personal liability company. There are various actions to consider when complying. These aspects include:
Appointment and rotation of auditors
Appointment of Social and Ethics Committee
Solvency and reckless trading
Obligation to notify the CIPC of certain changes.
Another important notice according to the CIPC website is that mandatory submission of financials when filing Annual Returns as from 4 March 2019. View the notice 21 of 2019 for more information.
For an in-depth understanding of the compliance requirements regarding the CIPC and the subsequent implications thereof, contact Highyield Finance to walk you through the process.