This is by FAR the BEST video on this subject matter. It clarifies the process and provides the vital information; no fluff, and no long-winded this-and-that. This is better than ALL the CIPC videos in terms of explanation, clarity, and effectiveness. Thank you so much for taking the time to simplify this for us, and in under 6 minutes!!! God bless you!
This video clarified all the questions I had. The CIPC should take notes and provide it on their website! Thank you again for sharing this information!
@@swiftreg thank you soo much. If you make a mistake a declare yourself as affected will CIPC pick up the error and reject your application or will they take it for granted that you were misinformed and simply give you a certificate?
Thank you so much for this. I have one question though; I tried to change my company phone number to my new one so I can get the OTP, which I was successful in changing it. But when I file for B/O, it keeps using my old phone number. Is there maybe a way to fix that or maybe I need to wait until a certain period in order for it to change to the new phone number?
Hi Glen, I have never experienced such a scenario before, so my advice would be to lodge a ticket. It could be a coding error on their side. Sorry, I could not be of more assistance.
How do we correct the error of selecting "Affected Company" to change to "Non-Affected with BO", I submitted on the 2nd and I only received the email confirming the Filing. I did not get any certificate.
Hi there, if you log on and navigate to the place where you downloaded the BO certificate you will see there is an edit button. That should allow you to edit the application.
Hi Khalid, please log on to our website using this link www.swiftreg.co.za/swiftreg/products/beneficial-ownership.aspx. This has all of the information required as well as pricing.
Hello, Thank you so much for your video, it helps so much! I have a question : is a NPC a Non-affected company with beneficial ownership, a Affected company or a Non-affected company without beneficial ownership?
Great question, NPC's only have to complete beneficial ownership if they have members and then they will be Non-affected companies with beneficial ownership.
Hi there, I just need some clarity. So you are saying if a company is 100% owned by another company (holding company), it will the be classified as an affected company whether the holding company is an affected company (listed, public etc) or not?
Hi there, CIPC has not made the process easy, as it uses legal jargon and does not supply anyone with templates. We can assist you, but will firstly you would need to delete your BO application under your own profile, as CIPC does not allow duplicate applications. After that, please use the following link on our website www.swiftreg.co.za/swiftreg/products/beneficial-ownership.aspx We charge from R590 depending on the number of Beneficial Owners. We look forward to assisting you.
Hi there, I just have one question. If I own 100% of the PTY company and I'm filing the BO myself, do I still need to write a letter authorizing myself to file for BO?
The mandate is a signed document giving the Filer (An individual acting on behalf of the company) the authority to file the Beneficial Ownership. For example, all the directors of the company must sign the mandate allowing a nominated individual to submit the online submission.
This is by FAR the BEST video on this subject matter. It clarifies the process and provides the vital information; no fluff, and no long-winded this-and-that. This is better than ALL the CIPC videos in terms of explanation, clarity, and effectiveness. Thank you so much for taking the time to simplify this for us, and in under 6 minutes!!! God bless you!
WOW, what a lovely compliment! Thank you it means alot.
@@swiftreg you're welcome. Creating these videos is no easy task, so thank you for being very thoughtful about it. It shows.
This video clarified all the questions I had. The CIPC should take notes and provide it on their website!
Thank you again for sharing this information!
Glad it was helpful!
Best video, you are an excellent teacher. Thank you for the clarification, CIPC should/could learn from you.
Wow, thank you!
I've been searching high and low for this information! Thank you for explaining so well
You're so welcome!
So grateful for this video, thank you so much.
You are so welcome!
This is awesome. To me it was better than CIPC videos and guidelines 🌟🌟🌟🌟🌟
Wow, thank you!
Sir, thank you so much for this information. This is true public service
Most welcome
Thank you for clarifying, even CIPC could not explain it like you have.
Glad it was helpful!
Thanks for the great presentation.
Glad you enjoyed it!
Wow! got my answer within a few minutes. God bless you!!!!! Thank you
You are welcome!
I'm the only director and incorporator of my (Pty) Ltd, does this make it an affected or non-affected company? Please assist. Thank you soo much!
You will be a non-affected company with beneficial ownership.
@@swiftreg thank you soo much. If you make a mistake a declare yourself as affected will CIPC pick up the error and reject your application or will they take it for granted that you were misinformed and simply give you a certificate?
Thank you so much for this. I have one question though; I tried to change my company phone number to my new one so I can get the OTP, which I was successful in changing it. But when I file for B/O, it keeps using my old phone number. Is there maybe a way to fix that or maybe I need to wait until a certain period in order for it to change to the new phone number?
Hi Glen, I have never experienced such a scenario before, so my advice would be to lodge a ticket. It could be a coding error on their side. Sorry, I could not be of more assistance.
Thank you for this info, better than how CIPC clarifies it.
Thank you. :)
Thank you this is soooo informative
Glad it was helpful!
How do we correct the error of selecting "Affected Company" to change to "Non-Affected with BO", I submitted on the 2nd and I only received the email confirming the Filing. I did not get any certificate.
Hi there, if you log on and navigate to the place where you downloaded the BO certificate you will see there is an edit button. That should allow you to edit the application.
what's your fee, let's say for 2-4 owners/ shareholders
Hi Khalid, please log on to our website using this link www.swiftreg.co.za/swiftreg/products/beneficial-ownership.aspx. This has all of the information required as well as pricing.
Hello, Thank you so much for your video, it helps so much! I have a question : is a NPC a Non-affected company with beneficial ownership, a Affected company or a Non-affected company without beneficial ownership?
Great question, NPC's only have to complete beneficial ownership if they have members and then they will be Non-affected companies with beneficial ownership.
Thank you so much for your quick response, really appreciate it!
Hi there, I just need some clarity. So you are saying if a company is 100% owned by another company (holding company), it will the be classified as an affected company whether the holding company is an affected company (listed, public etc) or not?
Yes, that is correct
@swiftreg much appreciated, thank you for your quick response.
Hello Where can I get the BO form and security registration form?
Hi there, CIPC has not made the process easy, as it uses legal jargon and does not supply anyone with templates. We can assist you, but will firstly you would need to delete your BO application under your own profile, as CIPC does not allow duplicate applications. After that, please use the following link on our website www.swiftreg.co.za/swiftreg/products/beneficial-ownership.aspx We charge from R590 depending on the number of Beneficial Owners. We look forward to assisting you.
Please help me and spell it out for me? : 100% shareholder of a Non-affected company. Now which do I choose? with or without beneficial ownership.
Hi there, is there shareholder an individual? If so, then with beneficial ownership.
@@swiftreg yes. Thank you. It is an individual. Appreciate your feedback.
Hi there, I just have one question. If I own 100% of the PTY company and I'm filing the BO myself, do I still need to write a letter authorizing myself to file for BO?
Yes, this is because it is a compulsory requirement and your filing will fail without it.
@@swiftreg Thanks a lot
What should we upload where it's written mandate?
The mandate is a signed document where the directors of the company give the filer permission to lodge the Beneficial Ownership.
Thank your for the clarity
You are Welcome
Can you please share the mandate form or template
Unfortunately, I don't have a template as we coded the form directly into the website in order to be dynamic with the input data.
You're best thank you soo much
You're welcome 😊
Is that what they mean by mandate
The mandate is a signed document giving the Filer (An individual acting on behalf of the company) the authority to file the Beneficial Ownership. For example, all the directors of the company must sign the mandate allowing a nominated individual to submit the online submission.
Quite helpful thank you.
Thank you, much appreciated.
Smart dude
Thank you for the compliment!
I cannot open the link
My apologies I have correct it. Please find the link below:
www.swiftreg.co.za/swiftreg/products/beneficial-ownership.aspx
thank you
@@swiftreg
What a waste of time.
I would agree that there is a better way of handling this, however CIPC will soon be making it compulsory leaving us no choice.