CIPC – Company/Close Corporation Deregistration
A business can be referred for deregistration upon request from the company or close corporation or any other third party, provided that the company or close corporation has ceased to carry on business; and has no assets or, because of the inadequacy of its assets, there is no reasonable probability of the company or close corporation being liquidated.
Deregistration will also be triggered when two or more successive annual returns are outstanding.
When a company deregisters with CIPC, it implies the business/company is no longer registered and has no legal standing since it’s not doing any business nor has assets or liabilities.
Please note:
Once a company receives confirmation from CIPC they have been deregistered, it needs to deregister all the various types of tax with SARS as well.