It's Business As Usual, CIPA Assures Company Secretaries

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Companies and Intellectual Property (CIPA)’s latest move to introduce the Online Business Registration System (OBRS) will oust consultation agencies from carrying out the business of assisting entrepreneurs with the usually lengthy business registration process.

The OBRS will be launched and instantly put into use June 3, 2019.  According to the organisation, all submissions will be carried out online and will take less time as the system is said to be efficient compared to the manual registration process.

“Business consultation agencies will not be out of business because the Companies Act stipulate that all registered companies must have a company secretary. The duty of the company secretary is to assist the entrepreneur to run their business in accordance with the provisions of the Act so that the entrepreneur can solely focus on running their companies to success,” affirmed CIPA awareness and communications manager, Marietta Magashula.

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