These questions have been adjusted for the New Companies Act

1. How much will the new (Pty) Ltd registration cost?
R330 + R30 per director and R30 per shareholder and R150 per juristic shareholder.

2. How long will it take?
Name application - 48 hrs Final Registration between 6 and 7 weeks

3. How many director and shareholders can I have on my New (Pty) Ltd?
Unlimited

4. Can I register a (Pty) Ltd without a name?
Yes, The Company will then be known by its registration number. To do this online click on the italics 'Click Here' on the page where you choose the names.

5. Can I “Trade As” if I only have a registration number?
No, The Consumer Protection Act states that only companies older than 1 year from 1 April 2010 may still be able to “Trade As”.

6. Will my CC still exist as a registered entity after the 1 May 2011?
Yes, for an indefinite period. Nothing changes but you cant start new ones.

7. Do I require an auditor on my new (Pty) Ltd?
No, only large companies need to be audited.

 

8. Do new (Pty) Ltd’s require an Annual General Meeting?
No

9. Will I be able to do member changes and name changes to my CC after 1 May 2011?
Yes, everything as per normal.

10. Can I convert my CC to a new (Pty) Ltd?
Yes

11. If I do a name application, in case I want to use it later, how long will my name remain as reserved?
Six months - Note not available online at the current time

12. What is a potentially contested name?
If a name is similar to an existing company, the Commission may reserve the name as potentially contested. The Commission will then supply the applicant the contact details of the existing Company. The onus is then on the applicant to inform the existing company of the pending name. The existing company then has three months to object to the Companies Tribunal. Note this is uncommon at the current time.

13. What is the Companies Tribunal?
It is an institution set up to handle dispute resolution, for example conflicting name disputes.

14. When must I complete my annual return?
To avoid penalties you must complete your annual return within 30 business days from the anniversary registration date of the company. Add your company to your annual return page to receive emails on the due month.

15. If my CC is deregistered due to non-payment of annual returns, will the Commission restore my CC?
Yes. You will have to pay the restoration fee followed by the annual returns that are outstanding. The total fee often comes to approximately around R1200. Note however you may loose your company name if it has been deregistered for longer than six months.

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