My Company has been de-registered by CIPC
So, what can I do if my company has been de-registered at CIPC? You and many others are asking this question after CIPC hit the Final De-registration button in August 2020.
There are 3 possibilities
- Your company was not demonstrably trading and did not own fixed property at the time of de-registration – You are out of luck. It does not qualify to be restored.
- Your company was not demonstrably trading, but did own fixed property at the time of de-registration – it can be restored, but the process is arduous and lengthy.
- You can demonstrate, by means of bank statements, that your company was trading at the time of de-registration – it can be restored upon submission of the required documents.
Part of the restoration process is to submit the outstanding returns and pay the annual fees plus penalties, so before you jump in, just be aware that it only costs R1 980 to form a new company.