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REGISTRATION OF CLOSE CORPORATIONS

After the recent changes to the Close Corporation Act, an Inter Vivos Trust may, effective January 2006, own the members interest in a Close Corporation, subjected to certain rules and regulations.

We can assist you with the following:

bulletRegistration of individuals as the members of a new Close Corporation.

Our fees are (Valid from 01/08/2009 to 28/02/2010):

bulletRegistration of a new or an amendment to an existing Close Corporation (CC):
bulletNew CC - Name Reservation (CK7) - R165.00
bulletNew CC - Founding Statement (CK1) - R750.00
bullet

Existing CC - Amended Founding Statement (CK2) - R580

bullet

Depending on the workload of the Registrar of Close Corporations, the lodging of a :

bulletCK7 can vary from 2 business hours up to 7 business days;
bulletCK1 can vary from 1 business days up to 4 weeks;
bulletHowever, it is possible to register a CK1 within 1 day, if our office take the CK1 through the relevant processes at the DTi after we have loaded the CK1 electronically. We do not charge an additional fee for this special service.
bulletRegistration of the Inter Vivos Trust as the member of your Close Corporation;

Our fees are (Valid from 01/08/2009 to 28/02/2010):

bulletRegistration of a new or an amendment to an existing Close Corporation (CC):
bulletNew CC - Name Reservation (CK7) - R165.00
bulletNew CC - Founding Statement (CK1) - R955.00
bullet

Existing CC - Amended Founding Statement (CK2) - R660

bullet

Depending on the workload of the Registrar of Close Corporations, the lodging of a :

bulletCK7 can vary from 2 business hours up to 7 business days;
bulletCK1 can vary from 1 business days up to 4 weeks;
bulletHowever, it is not possible to register a CK1 with a trust as the member within 1 day, because the electronic loading facility does not yet allow for a trust to be loaded as a member of the CC.

 

 

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Last updated : 28 March 2011