Close Corporation Changes and Amendments

In South Africa, making changes and amendments to a Close Corporation (CC) is governed by the Close Corporations Act, 1984 (Act No. 69 of 1984). Key amendments might include changes in membership, the principal business address, or the name of the CC.

Here’s a guide to the process

1. Identify the Type of Amendment

Change in Membership: This includes adding or removing members, or changing member details.
Name Change: If you're changing the CC's name, first ensure the new name is available and reserve it.
Change of Registered Address: Update the CC’s official address.
Amending the Founding Statement: Changes in membership and name are effected by amending the Founding Statement (Form CK1).

2. Approval and Consent

We will need to obtain written consent from all members for significant changes, particularly for changes in membership.
Changes to the Founding Statement typically require a resolution signed by all members.

3. Complete the Necessary Forms

We will assist you complete the necessary membership and name change forms

4. Submit to CIPC

We will submit the completed forms to the CIPC who will update the amendments in their records accordingly.

5. Update Internal Records

We will ensure the changes are reflected in the CC’s internal records, such as accounting records and member registers.

6. Notify Relevant Parties

We will inform banks, suppliers, clients, and other relevant entities about significant changes to the CC.

7. Compliance with Other Laws

We will ensure that the changes comply with other relevant laws, including tax obligations with the South African Revenue Service (SARS).

The process and requirements for amending a Close Corporation can vary and are subject to legal stipulations.