If you are having a problem when submitting CIPC Beneficial Ownership that the authorised securities block shows the number 0 and is greyed out, then the solution is below.
Why it happens
The beneficial ownership form uses the authorised shares recorded for your company at CIPC. If CIPC has no authorised shares on record for the company, the block shows 0 and you cannot continue.
The fix, step by step
- Go to the CIPC eServices website and log in.
- Go to Transact.
- Click the icon for Authorised Share Changes.
- Enter the company registration number.
- Type in your shares — typically 100 — and leave No-Par unticked.
- Pay the fee and submit.
It costs R 250 but it will instantly solve the issue and allow you to proceed on the BO.
Not sure how many shares your company should have, or worried about getting it wrong? Send us a WhatsApp and we will check it for you before you submit.
This article is general information, not advice for your specific situation. Rules and fees change — contact us to confirm what applies to you.