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 3 scenarios where a company can be
restored; (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.
Once your company has been restored, you have 30 days to settle the outstanding annual returns or it will be deregistered again. From 1 July 2024, CIPC will NOT process any company annual returns if a Beneficial Ownership declaration has not been filed. This service is also available on our website .