Frequently Asked Questions

No, CC registration came to an end on 1 May 2011, with the adoption of the new Company Act.
No, only public, state owned as well as larger private companies with a public interest score of more than 350, as well as private companies with a public interest score of more than 100, where the company’s financial statements are prepared internally, have to be audited.
1 point is awarded for every R1m annual turnover and 1 point for every person the company employs.
Yes, all companies and CC’s must lodge annual returns to remain on the Companies and Intellectual Property Commission’s register.
Your company will be deregistered in due course.
No, in terms of the new Company Act, private companies are not restricted to only 50 shareholders, as under the previous act. So, unless you plan to list on the Stock Exchange, you do not require a public company.