Is your company’s leadership changing? Whether you’re bringing on a new partner or an existing director is stepping down, updating your director records with the CIPC is a time-sensitive legal requirement. We make this process fast, simple, and compliant.
What is a Director Amendment? A Simple Guide
A company’s list of directors is part of its official public record at the CIPC. Any time a new director is appointed, or an existing director resigns or is removed, the company has a legal duty to update these records by filing a specific form (CoR 39). Keeping this list accurate is crucial because directors have specific legal responsibilities, and banks and other institutions rely on this official record to verify who has the authority to act on the company’s behalf.
Why Choose StartupHero for This?
A director change requires resolutions, acceptance letters, and certified documents. We provide you with all the required templates and manage the submission to the CIPC correctly, ensuring the amendment is processed without any frustrating rejections or delays.
Key Features & Benefits
- ✅ Ensure Legal Compliance: Avoid penalties by updating your records with the CIPC within 10 business days of the change.
- ✅ Smooth Banking & Contracts: Banks and other financial institutions require up-to-date records to verify directors for account mandates and loan applications.
- ✅ Hassle-Free Process: We handle the preparation of resolutions, consent forms, and the final submission to the CIPC, ensuring a swift and accurate update.
Client Testimonial
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“We brought a new partner into our business, and StartupHero handled the director appointment seamlessly. They told us exactly what documents we needed, and it was done in a couple of days.”
Frequently Asked Questions (FAQs)
Q: Can a non-South African be a director of a SA company?
A: Yes, a foreign national can be a director, but they will need to provide a certified copy of their passport.
Q: What happens if we don’t remove a director who has resigned?
A: The resigned director legally remains on the company’s records and could still be held liable for the company’s actions. It’s crucial to remove them officially.
Ensure your company’s records are always accurate. Let us process your director change today.
Anna W., Rosebank –
We brought a new partner into our business, and StartupHero handled the director appointment seamlessly. They told us exactly what documents we needed, and it was done in a couple of days.