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CIPC Announcement on beneficial ownership

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CIPC Announcement on beneficial ownership

CIPC has once again issued a warning in connection with beneficial ownership filings. They notified the public yesterday that with effect from 1 July 2024, it will not be possible to file an annual return unless there has first been compliance with the requirement to submit a securities register and beneficial ownership information or beneficial interest information (as applicable).

5 Jun 2024 1 min read Corporate & Commercial Law Alert Article

This hard-stop functionality on CIPC's electronic platform means that a failure to comply could result in the incurrence of penalties for the late filing of annual returns and, where there is continued non-compliance, referral for deregistration. This notice is the latest in a string of extensions communicated by CIPC in relation to beneficial ownership and it would be prudent to assume that time is starting to run out.

Should you require any assistance with submitting your beneficial ownership filing, please do not hesitate to reach out to us at cosec@cdhlegal.com.

Read the full notice published by CIPC here

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