Monthly Archives: July 2018

High Court ruling: CIPC may impose a 10% turnover-penalty on companies failing to promptly lodge their annual financial statements

The CIPC won a High Court order empowering them to impose a 10% of annual revenue penalty on companies that fail to prepare their annual financial statements within 6 months of year-end. Failure to submit annual financial statements to the CIPC contravenes Act, 71 of 2008. Continuous non-compliance may lead to a formal investigation by [...]

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In-depth details on CIPC 10% turnover-penalty for failure to lodge annual financial statements

The CIPC won a High Court order empowering them to impose a 10% penalty of annual revenue on companies that fail to prepare annual financial statements (within 6 months of year-end). Failure to submit annual financial statements to CIPC contravenes Act, 71 of 2008. Continuous non-compliance may lead to a formal investigation by the CIPC. [...]

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Kilgetty assists with conversion of company annual financial statements to XBRL format — Also submits annual return to CIPC

The CIPC deadline for the submission of annual financial statements is here! EFFECTIVE from the 1st July 2018, The Companies and Intellectual Property Commission's (CIPC) requirements for lodging Annual Financial Statements (AFS) took full effect. Kilgetty fully endorses this international standard of digital reporting and has therefore adopted a new service-offering to adapt to its changing [...]

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Investor relations – building credibility to achieve a fair market valuation

With the purpose of extending its portfolio of client-services, Kilgetty Statutory Services recently entered into an alliance with strategic communications advisor, Investorsense. Investorsense specialises in investor and media relations by assisting clients to optimally position themselves to best attract investors and funders. This promotes effective investor relations, which is of fundamental importance for the maximisation [...]

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