The Companies and Intellectual Property Commission (CIPC) is part of the Department of Trade and Industry (DTI) group
The CIPC (formerly CIPRO) has joined the growing number of corporate and organisational partners for Finance Indaba 2018, signing on as a gold partner. The Finance Indaba will be held at the Sandton Convention Centre in October.
The CIPC is an organ of state, but technically outside of public service. Established by the Companies Act, 2008 (Act No. 71 of 2008), the CIPC manages the registration of companies and intellectual property rights – including trademarks, patents, copyright, and designs).
In addition, the CIPC holds the business registers that facilitate disclosure of information in that sphere, and monitors compliance with financial reporting standards. In this way, it feeds into the functioning of the Financial Reporting Standards Council (FRSC).
The CIPC has updated its functionality tremendously in recent years, working to reduce the admin and time involved in registering your business through its website. As part of this revamp and rethink of their processes, the CIPC is also championing the use of Extensible Business Reporting Language (XBRL) - an electronic communication system that will streamline the preparation and submission of annual financial statements. This digital reporting system comes into effect (and is mandated for all qualifying entities) from 1 July 2018.
Commissioner Rory Voller says the Finance Indaba provides CIPC with an invaluable opportunity to engage with businesses and finance professionals. Finance Indaba 2018 takes place on 3 and 4 October 2018 at the Sandton Convention Centre. Now in its third year, the event is Africa's biggest annual expo and conference for finance professionals.