Latest Beneficial Ownership updates at CIPC

Are you aware that since 1 April 2024, CIPC has introduced a hard-stop functionality on their system that prevents all entities from completing their Annual Return submissions UNLESS their Beneficial Ownership details are registered? Without being able to complete your Annual Returns, your business is at risk of being de-registered. Avoid a non-compliant status and R1m Penalty at CIPC.
We answer the most frequently asked questions around the Latest Beneficial Ownership changes at CIPC. Learn More about what it is, how it works, who needs to register, and how you complete yours today.
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🔎Want to Update your Beneficial Ownership Register at CIPC right now?
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⏰Timestamps⏰
0:32 What is Beneficial Ownership?
0:56 Why is it important to file Beneficial Ownership details now, more than ever?
1:42 What do these updates mean for SMEs in South Africa
2:32 What do you need to do, to ensure your business is protected?
3:04 How often should Beneficial Ownership details be updated?
3:35 Who can file Beneficial Ownership information at CIPC?
4:26 Who are the Beneficial Owners?
4:46 What happens if I fail to submit my Beneficial Ownership?
5:27 What details are required for Beneficial Ownership Registration?
6:13 Are ALL businesses required to register their Beneficial Ownership?
8:01 Official CIPC notice on their online platform.
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Company Partners is an award-winning Company Registration Specialist dedicated to helping South African Entrepreneurs Register, Empower, and Grow since 2006.
Learn more about Company Partners at companypartners.co.za/
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[@ntsoakisuping9601]

what if my company has been dormant since inception should I submit the beneficial ownership