Compliance · South Africa
File your CoR427 BO Register on time — and avoid CIPC penalties.
Since the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act took effect in 2023, every South African company is legally required to file a Beneficial Ownership (BO) register with CIPC — and keep it updated whenever ownership changes.
Failure to file the CoR427 Beneficial Ownership return can result in CIPC penalties, deregistration, and being flagged by SARS, the FIC, and the banks during compliance checks.
Amashad handles the full CIPC BO submission on your behalf: we collect beneficial owner details, calculate shareholding tiers, and file the CoR427 directly with CIPC — typically within 3 to 5 business days.
We send a short, secure form to capture all beneficial owners and their shareholding percentages.
We build the Securities Register and BO Mandate in the official CIPC format.
Submitted directly via CIPC's Beneficial Ownership portal under our registered agent profile.
You receive the CIPC filing confirmation and a downloadable copy of your BO register.
South Africa was placed on the FATF grey list in February 2023, and the Beneficial Ownership register is one of the primary mechanisms the country is using to demonstrate compliance with international anti-money-laundering standards. CIPC, the FIC and SARS now actively cross-check BO filings against shareholder records.
A beneficial owner is any natural person who, directly or indirectly, owns 5% or more of a company, or who exercises effective control. For Amashad clients, we automatically calculate beneficial owners across multi-tier ownership structures, including trusts and holding companies — which is where most DIY filings fail.
If your company's shareholding has changed at any time, the BO register must be re-filed within 10 business days. We offer ongoing BO maintenance for active corporates that experience frequent ownership changes.
Yes. Since 2023, every company registered with CIPC must file a Beneficial Ownership return (CoR427) and update it whenever ownership changes.
CIPC can issue a compliance notice, impose administrative fines, and ultimately deregister the company. Banks and SARS also flag non-compliant companies during routine checks.
Typically 3 to 5 business days from the moment you submit your beneficial owner details to us.
Yes — the law requires a re-filing within 10 business days of any change to ownership or control.
Request a free, no-obligation quote — we respond within one business day.