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Non-compliance with annual returns, beneficial ownership declaration and AFS/FAS will lead to deregistration, which has the effect that the juristic personality is withdrawn, and the corporate or shut corporation ceases to exist. CIPC will remind companies and close companies annually to file their annual returns provided that CIPC has the proper digital contact information of directors and members. A director could also be appointed by a board of directors, unless the memorandum of incorporation requires a shareholder approval. The firm secretary does not need to be a pure individual, but may be a juristic particular person or a partnership, offered that the entities meet the requirements of the Corporations Act, 2008.

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