The Companies and Intellectual Property Commission (CIPC) has issued several notifications that are of high importance to businesses with operations in South Africa.
The notifications concern:
• A security compromise as per section 22 of the Protection of Personal Information Act (2013)
• Processes regarding the proof of physical address of companies and close corporations in South Africa
• More information concerning the Annual Return Deregistration Process of Companies and Close Corporations
• Details of the delays expected in processing company and close corporation re-instatement applications and responding to enquiries
• Information concerning the Beneficial Ownership Reviewer System
• Details regarding integration of the Foreigner Assurance Process with Beneficial Ownership.

In brief COVID-19 has brought about unfavorable consequences for companies and many of them will be facing financial hardships in the aftermath of the pandemic. One of the most effective ways in which companies may address financial di756876 stress is through mergers. Lerisha Naidu, Sphesihle Nxumalo, and Thando Thabethe, from…