Hi Breyten, you may want to check the information on this page. You say there that no cc's can be registered after 1st July 2010 !!! Sorry, but that must be an oops. I personally registered one in August 2010 and to the best of my knowledge there are still cc's been registered as we speak.Originally Posted by Breyten Potgieter
If anybody is looking for a CC. I have a shell with an accumulated loss ( asset) for a song !
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The date for registration has been postponed to end of this month if I am not mistaken, as CIPRO was not ready to dot he Private Company registration.
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I think its more to do with the new companies act being signed by the big boss in Pretoria. Its been delayed several times with the next supposed date being 1st May, but I'm not holding my breath.
Hi yes, i was referring to the fact that there are better structures to do business in than a CC and a SP. A business trust for instance (expensive to setup) but costs virtually the same as a CC as it does not need to be audited etc.
(Website might be out of date concerning the registration of CC's as the new companies act has been delayed).
But to sum up, if you can't afford to do business in another entity, then yes for CC.
(off topic) The delay with the companies act has to do with a lot of problems that exists in the implementation of e.g. inter-company loans as set-out in the new act. As it is currently, certain sections of the act needs to be reconsidered.
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