What you need to know
Failure to pay a company’s annual returns will eventually result in
your company’s deregistration. This means that your company will cease to
exist as a legal entity.
There are however 3 scenarios where a company can be
restored; they are (1) if the company owns fixed property (2)
if the company can prove that it has continued to trade after the
deregistration or (3) by a court order.
If your company owns property, we will needs to do a deeds search which is an additional cost of R400