South Africa: Companies Act, No. 71 of 2008

May 1, 2011

South Africa: The Companies Act, No. 71 of 2008 was assented to by the President on April 9, 2009 and entered into force on May 1, 2011. The Act provides for a regulatory framework for enterprises.

Chapter 8 of the Act entitled "Regulatory Agencies and Administration of Act" establishes the Companies and Intellectual Property Commission (CIPC) of South Africa, to function as an organ of state within the public administration, focusing on the registration of companies and intellectual property rights. The additional functions of CIPC include education and awareness, investigation, compliance and enforcement.