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The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade, Industry and Competition in South Africa. [1] The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) [2] as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service.
A private company need not lodge financial statements with the CIPC (formerly CIPRO, formerly the Registrar of Companies), whereas a public company must. Voting rights in a private company may be freely regulated in the Memorandum of Incorporation; voting rights in a public company are proportional to the number of shares the voter holds.
As a result, Drawing account increased by $500, and the Cash account of the partnership is reduced by the same account. At the end of the accounting period the drawing account is closed to the capital account of the partner. The capital account will be reduced by the amount of drawing made by the partner during the accounting period.
In July 2016, FinCEN enacted new rules regarding beneficial ownership: [2] Financial institutions must collect from the legal entity customer the name, date of birth, address, and social security number or other government identification number (passport number or other similar information in the case of foreign persons) for individuals who own ...
Companies and Intellectual Property Commission (CIPC), South Africa Trade Register (disambiguation) in the Netherlands, Switzerland, Germany, and Finland Topics referred to by the same term
Air Traffic and Navigation Services Company: Air Traffic Control: Manages air traffic and navigation within South Africa and part of the Southern Indian and Atlantic Oceans R1.673bn [17] R0.067bn Fully state owned 1993 Airports Company South Africa (ACSA) Airport management: Owner and operator of major airports. 3,110 R2.86bn R0.23bn 74.6% ...
Slovenian Business Register (ePRS) [246] — maintained by the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES). ePRS includes companies (partnerships and corporations), sole proprietors, legal entities governed by private law, societies, natural persons performing registered or regulated activities ...
The responsibility for ensuring that the application is valid resides with the applicant. South Africa is a non-examining country. This means that CIPC does not investigate the novelty or inventive merit of the invention - only the form of documentation is verified and not the substance of the product or process.