In August last year, the CIPC introduced a compliance checklist which customers will be required to complete in order to declare the compliance status of their company against specific sections of the Companies Act No.71 of 2008.
This compliance checklist is mandatory as of 1 January 2020 and must be completed before submitting annual returns.
To ensure compliance of the mandatory requirements of the Companies Act such as described in section 15, – requiring every company to have an MOI.
This serves as an educational tool for directors and company secretaries, in guiding them with regards to their responsibilities in terms of the Companies Act.
CIPC will utilise the Checklist to monitor and regulate proper compliance with the Companies Act and if trends of non-compliance appear, to act accordingly.