CIPC | Mass deregistration of companies - Advocate Rory Voller shares more

The Companies and Intellectual Property Commission has announced that it will embark on a mass deregistration of companies that have not met their obligations. CIPC is set to deregister about 800 000 non-compliant companies. The obligations include the timely submission of annual returns and ownership declarations. The CIPC says deregistration will address the high number of inactive businesses, and mitigate the risks posed by dormant companies. The CIPC is responsible for maintaining an up-to-date register of companies and close corporations. For more on this matter, we are now joined virtually by the CIPC Commissioner Advocate Rory Voller For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.