Companies defy annual returns deadline

Magushula PIC: MORERI SEJAKGOMO
Magushula PIC: MORERI SEJAKGOMO

About 99% of the companies that were early this year threatened with de-registration for failure to submit their annual returns have disregarded the Companies and Intellectual Property Authority (CIPA) deadline call.

Earlier this year, CIPA announced  they had decided to take action against companies that have been failing to comply for the past five years by giving them until April to submit their annual fees and penalties.

In an interview with BusinessWeek on Wednesday, CIPA Awareness and Communications Manager Marietta Magashula said from the 60,000 companies that were notified of their default only 500 approached CIPA to rectify the issue.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....

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