Description
When a close corporation (CC) no longer conducts business, it
can request the Registrar of Companies to be deregistered from the
database. In this case, the members of the corporation must notify
the Registrar of Companies of such developments.
A CC may cease to operate and wish to be deregistered, or it may
be liquidated. These situations can be quite complicated and
technical, and the Registrar of Companies should be supplied with
specialist information.
Liquidation implies that the CC
- is unable to pay its debts;
- ceased to operate (generally as a result
of financial problems); or
- the members wish to distribute the assets
of the CC among themselves.
The CC may be liquidated as a result of a legal court process
(requested by a creditor) or the liquidation may be voluntary
(applied for by the members of the CC). If the members of the CC
apply for a voluntary liquidation, a security (JM12) is required
from the Registrar of Companies.
Deregistration implies that the CC is scrapped from the database
and that the CC ceases to exist. The business can continue in a
different form, for example as a sole proprietor, after the
de-registration has been completed.
A written statement submitted by any interested person (e.g. the
SARS, creditor, registrar or member) should be submitted to the
Registrar of Companies.
For more information, go to Companies and
Intellectual Property Registration Office
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Steps to follow
- Download the application form
CK6.
- Submit certified copies of the identity
documents of the members of the CC.
- If the CC is being voluntarily liquidated,
two copies of the CK6 form must be submitted.
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Legal framework
Documents are provided in PDF format. To open PDF documents, you need to
have Adobe Acrobat
Reader 4 or higher
installed on your computer.
Close Corporations Act, 1984 (Act 69 of 1984), Section
67
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Service standard
To complete the deregistration process can take up to seven
days.
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Cost
R40
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Forms to complete
Forms are provided in PDF format.
To open PDF documents, you need to have Adobe Acrobat
Reader 4 or higher installed on your
computer.
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Contact details |