CIPC Company codes/types and what they mean

Created by Amy Price, Modified on Fri, 29 Nov, 2024 at 2:21 PM by Amy Price

AR Deregistration process: This refers to the process initiated by the CIPC when a company fails to submit its Annual Returns (AR) for two or more consecutive years. The company is marked for deregistration, meaning it will be removed from the CIPC register and cease to exist as a legal entity1.
AR restoration: If a company has been deregistered due to non-compliance with Annual Returns, it can apply for restoration. This involves submitting all outstanding Annual Returns and paying any associated fees to reinstate the company on the CIPC register2.
Deregistration process: This is the general process of removing a company from the CIPC register. It can be voluntary (initiated by the company) or involuntary (initiated by the CIPC due to non-compliance). Once deregistered, the company ceases to exist legally3.
Deregistration Final: This term indicates the final stage of the deregistration process, where the company is officially removed from the CIPC register after all procedural steps have been completed4.
Business Rescue: This is a legal process aimed at rehabilitating financially distressed companies. It involves appointing a business rescue practitioner to oversee the company's operations and develop a plan to restructure its affairs, business, property, debt, and other liabilities5.
Liquidation application: This is the process of winding up a company's affairs, typically because it cannot pay its debts. Liquidation can be voluntary (initiated by the company) or compulsory (ordered by a court). The company's assets are sold off to pay creditors6.
AR Deregistration process: This refers to the process initiated by the CIPC when a company fails to submit its Annual Returns (AR) for two or more consecutive years. The company is marked for deregistration, meaning it will be removed from the CIPC register and cease to exist as a legal entity1.

AR restoration: If a company has been deregistered due to non-compliance with Annual Returns, it can apply for restoration. This involves submitting all outstanding Annual Returns and paying any associated fees to reinstate the company on the CIPC register2.

Deregistration process: This is the general process of removing a company from the CIPC register. It can be voluntary (initiated by the company) or involuntary (initiated by the CIPC due to non-compliance). Once deregistered, the company ceases to exist legally3.

Deregistration Final: This term indicates the final stage of the deregistration process, where the company is officially removed from the CIPC register after all procedural steps have been completed4.

Business Rescue: This is a legal process aimed at rehabilitating financially distressed companies. It involves appointing a business rescue practitioner to oversee the company's operations and develop a plan to restructure its affairs, business, property, debt, and other liabilities5.

Liquidation application: This is the process of winding up a company's affairs, typically because it cannot pay its debts. Liquidation can be voluntary (initiated by the company) or compulsory (ordered by a court). The company's assets are sold off to pay creditors6.

Voluntary liquidation: This occurs when a solvent company decides to wind up its affairs voluntarily. The company must pass a special resolution and file it with the CIPC. The company's assets are then distributed among creditors and shareholders7.

Conversion: This refers to the process of converting a Close Corporation (CC) into a company. This is often done to allow the business to expand and attract more investors. The conversion process involves filing specific forms and meeting certain requirements set by the CIPC
: This occurs when a solvent company decides to wind up its affairs voluntarily. The company must pass a special resolution and file it with the CIPC. The company's assets are then distributed among creditors and shareholders7.
Conversion: This refers to the process of converting a Close Corporation (CC) into a company. This is often done to allow the business to expand and attract more investors. The conversion process involves filing specific forms and meeting certain requirements set by the CIPC