BIPA Annual Returns and Duties are mandatory and must by submitted by all The Companies Act 28 of 2004 requires that all active Companies and Close Corporations submit their Annual Duty returns. Annual Duties are payable to the Registrar of Companies and Close Corporations at the end of the entity’s financial year. The prescribed annual duty form for Companies is CM23, and that of a Close Corporation is CC7. Failure to pay BIPA Annual Returns and Duties constitutes an offence under Section 181 of the Companies Act of 2004 and Section 26 of the Close Corporation Act, 1988. Penalties are provided for under those two Acts. The fine rates applicable on the Annual Duty items (CC7 or CM23) are enshrined in the Companies Act of 2004. We offer the services of BIPA Annual Returns and Duties. Contact us today for a free quotation.