Hi! I would like to file the BO for our company. We are a two-persons company, we are both directors and would like to own 50%-50% of the company. Do I still have to upload a mandate for BO filing if we are already registered as directors and I would file the BO in CIPC? Thank you in advance, Kind regards
what option does one select when filling for an indirect beneficial owner when completing the ownership listing, in the part where you select Type of Interest ? Please assist. Thanks
What if the company is dormant, no bank account and has not issued any shares but i'm the full owner of the company, how do I fill in the Securities Register?
Kindly follow the link to the User Guide: www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf and FAQ: www.cipc.co.za/?page_id=4160
Dear Lucinda - you provide no information in the instance of a trust being the sole shareholder of a company - where it is a discretionary trust - meaning beneficiaries have no right or % of the asset/s held by the trust. This is not clear anywhere?? In such case are the BO's the trustees? Also not clear for group structures - where there may be e.g. 3 levels of group corporate ownership - then a discretionary trust. For each corporate entity down in the structure are the trustees then the BO's? Please clarify, would be appreciated
Kindly note, Mandate to lodge, is a document on a company's letterhead signed by directors, that states that the person has authority/permission to lodge the application.
Please note there are no templates available, but you have to draft the documents yourself, please see attached www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf
I'm getting this error "Your identification could not be verified because issue date does not match with Department of Home Affairs" under Natural Person Owner Information, please assist
Kindly follow the link to the User Guide: www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf and FAQ: www.cipc.co.za/?page_id=4160
Kindly follow the link to the User Guide: www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf and FAQ: www.cipc.co.za/?page_id=4160
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Hi! I would like to file the BO for our company. We are a two-persons company, we are both directors and would like to own 50%-50% of the company. Do I still have to upload a mandate for BO filing if we are already registered as directors and I would file the BO in CIPC?
Thank you in advance, Kind regards
When will CIPC portal be fully operational?
Kindly elaborate on the problem you are experiencing, to enable us to assist you.
Why does CIPC makes it SOOO complicated to do business in SA? You are NOT looking after the masses!!!
Kindly elaborate on the problem you are experiencing, to enable us to assist you.
what option does one select when filling for an indirect beneficial owner when completing the ownership listing, in the part where you select Type of Interest ? Please assist. Thanks
What if the company is dormant, no bank account and has not issued any shares but i'm the full owner of the company, how do I fill in the Securities Register?
Please see guidelines and templates to assist you with BO filing www.cipc.co.za/?page_id=4447 select Beneficial Ownership.
Should I be the only director is there a requirement to submit a BO?
Yes indeed.
Good day. What happens when a close corporation has only one director (100%) ownership?
Kindly forward your enquiry to the said division and request assistance. The email address is: beneficialownershipenq@cipc.co.za
What happens if I am the only shareholder? What steps must I take? To submit my annual returns
Kindly follow the link to the User Guide: www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf and FAQ: www.cipc.co.za/?page_id=4160
Please let me know once you find out, cause I have the exact same question
I filed but the information seems not been processed. What is the matter because I can't update my company details whereas I filed long ago
Kindly forward us a screenshot of the problem you are experiencing, to enable us to assist you.
Dear Lucinda - you provide no information in the instance of a trust being the sole shareholder of a company - where it is a discretionary trust - meaning beneficiaries have no right or % of the asset/s held by the trust. This is not clear anywhere?? In such case are the BO's the trustees?
Also not clear for group structures - where there may be e.g. 3 levels of group corporate ownership - then a discretionary trust. For each corporate entity down in the structure are the trustees then the BO's?
Please clarify, would be appreciated
Kindly note, you may forward your enquiry to the Legal Department for assistance. The email address is: CompaniesActenq@cipc.co.za
Do I need a mandate if I won't be using a third-party agent to file my BOi
Kindly note, you need to submit the Mandate.
@@theCIPC Hi stupid question but where does one get a mandate letter
Thank you for the clear explanation
Pleasure.
@@theCIPC hi i still dont understand what a mandate is , is it a letter is it a declaration ? confused .
Kindly note, Mandate to lodge, is a document on a company's letterhead signed by directors, that states that the person has authority/permission to lodge the application.
@@theCIPC thank you
Noted.
where can one get the templats of the required supporting documents?
Please note there are no templates available, but you have to draft the documents yourself, please see attached www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf
Need help with documents? I can assist
I'm getting this error "Your identification could not be verified because issue date does not match with Department of Home Affairs" under Natural Person Owner Information, please assist
Please double check with the DHA on which issue date do they have on record.
More Hurdles
any examples of these files that needs to be uploaded?
Unfortunately, CIPC does not have any examples.
@@theCIPC what are documents to be attached when uploading the documents
What if I have two
Kindly elaborate on your enquiry, as same is not clear.
No information on 100 percent ownership, the reason why this rules have come in to place.
Kindly forward an email to beneficialownershipenq@cipc.co.za for further assistance.
can you kindly help me file my BO
Kindly follow the link to the User Guide: www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf and FAQ: www.cipc.co.za/?page_id=4160
CAN YOU PLEASE HELP ME TO UPDATE MY BENEFICIAL OWNERSHIP
Kindly follow the link to the User Guide: www.cipc.co.za/wp-content/uploads/2023/08/USER-GUIDELINES-BO-LEGISLATIVE-REQUIREMENTS_Aug-23.pdf and FAQ: www.cipc.co.za/?page_id=4160
@@theCIPC
Kindly advise if you require any assistance.
Good day. Can I please be assisted with an explanation of what is the security register?
Kindly note, securities register contains all the information relating to shareholders of a company (legal owners).