Chief Registrar's Circular No. 3 of 2012 - Companies Act, (Act 71 of 2008), as amended by the Companies Amendment Act (Act 3 of 2011)
Application of this Circular and repeal of CRC 6 of 2011
Uncertainty exists with regard to the names (suffixes) of companies, as provided for in the Companies Act, 2008 (Act 71 of 2008), as amended by the Companies Amendment Act, 2011 (Act 3 of 2011). This Circular aims, amongst other things, to provide clarity in the above-mentioned regard.
Chief Registrar’s Circular No. 6 of 2011 is hereby withdrawn and substituted with this Circular.
- Deeds and documentation that do not reflect the correct name (suffix) of a company must not be rejected, until 1 March 2012. Conveyancers must be allowed to amend deeds/documents, or to give a certificate where full initialling is required, in respect of names of companies that are incorrectly reflected.
Impact of certain provisions of the Act on deeds registration procedures
- Continuation of pre-existing companies.
- Criteria for names of companies (applicable to companies registered in terms of the Act).
- Issuing of registration certificate and changing/amendment of company's name.
- Endorsement of deed to reflect a change in name of a company.
- Conversion of close corporations to companies.
- Conversion (applied before May 2011) of company to close corporation.
- Implementation of amalgamation or merger of companies.
- Registration of external Companies.
- Practice regarding winding up and liquidation of companies.
- Practice regarding business rescue proceedings.