FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS


• When choosing your name it is important to choose a name that will most likely be accepted by Cipro otherwise this can cause delays in the registration process.
• Avoid names containing "International","Projects" or "National" for example Johannesburg International, Johannesburg Projects or Johannesburg National. These names will likely be rejected by Cipro as they can be misleading.
• In the case of surnames, only surnames of the members, directors or major shareholders will be allowed.

• Only natural persons may become members of a CC.
• Minors of 21 years or younger may become a member of a CC, but may only take part in the management if a written letter is lodged by the minors legal guardian together with the CC registration, which letter states that the legal guardian consents to this.
• You may be a member of as many CCs as you wish.
• A CC may have a minimum of 1 member and a maximum of 10 members.
• Where a CC has more than one member, it is advisable that an association agreement be drawn up in order to set out the duties and responsibilities of all members. This agreement is also an important tool that may be used to settle any disputes that may arise between the members. We can assist with the drafting of the association agreement for your CC.

• No, a trading name cannot be reflected on the Close Corporation forms. The Close Corporations Act stipulates that only the registered name and number, as allocated by CIPRO, may appear on official documents. The trading name must be recorded with the Banks and can appear on the cheque book and the letterhead of the business.

• Yes, as long as the registered address of the close corporation and that of the Accounting Officers is in South Africa. If the members do not have SA identity documents, then they must provide the following:
• Date of birth, (to be filled in on the form in place of the Identity number)
• Reason why no identity documents can be supplied and which nationality they belong to.






























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