Yes, if you want to avoid your close corporation being deregistered because you want to use it within the next couple of years then you must submit your cc annual returns timeously.
CC Annual Return Submission
Why must I submit an annual return for my CC?
What happens if I do not submit an annual return?
My CC is currently dormant and does not trade, must I still submit an annual return?
What is the purpose of an annual return?
1) It provides the Registrar of Close Corporations with the latest information of the cc, and
2) it enables the Registrar to determine whether the cc is still in business.
If a close corporation fail to lodge its annual return for a period more than six months from the last day it may lodge its annual return, the close corporation will be placed in process of deregistration and eventually be final deregistered. This means the close corporation no longer exists.
Information
Applications
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If your CC turnover is less than R50 million pa, our all inclusive submission fee is only R450.00
You will receive an annual return submission certificate within 24hrs.
What does the annual return submission cost per year?
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Telephone: 011 826 4600 Fax: 086 653 1226
Email: info@saregistrations.co.za