Role and Significance of Companies and Intellectual Property Commission

A few years ago, the Companies and Intellectual Property Registration Office (CIPRO) was replaced by Companies and Intellectual Property Commission (CIPC). Since this new act came into being, there has been a significant change in the way business owners register a company. The Act specifies that no registration of new close corporations can take place. However, the ones that have been registered before 1 May can continue functioning as CCs.