Yes, if you do not want the cc to be deregistered the annual return must be lodged every year. If you want to use it in the future to trade, then the annual return must be lodged timeously.
Why must a CC submit an annual return?
What happens if an annual return is not submitted?
My cc is dormant and does not trade, must I still submit an annual return?
To update the latest information with the Companies and Intellectual Property Registration Office and for them to determine whether the corporation is still in business.
If a close corporation does not lodge its annual return within the prescribed period, the close corporation will be placed in process of deregistration. Eventually it will be final deregistered, meaning that the close corporation no longer exists.
If your cc annual turnover is less that R50 million, our all inclusive fee is only R535 per year to lodge the annual return on your behalf with the Registrar of Companies. You will receive the annual return submission certificate by email.
What does the annual return submission cost each year?
Company Registrations and Annual Return Submissions.
CLOSE CORPORATION (CC) ANNUAL RETURN SUBMISSION (FAQ's)
CC Annual Return
South African Registrations
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