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In a surveillance sweep the CIPC has identified more than 15 listed companies that were under disclosing or not disclosing the proper annual turnover values and therefore were not paying the correct annual return fees to the CIPC. Section 187 (2) (b) of the Companies Act, No. 71 of 2008 (as amended) (“the Companies Act”) empowers the Companies and Intellectual Property Commission (“CIPC”) to “monitor proper compliance with this Act”.

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