Organisation : Companies and Intellectual Property Commission
Type of Facility : Application for License as Business Rescue Practitioner
Head Office : Pretoria
Website : http://www.cipc.gov.za/index.php/manage-your-business/manage-your-company/private-company/changing-status-your-company/application-license-business-rescue-practitioner/#
Application Form : https://www.southafricain.com/uploads/1634-CoR126_1.pdf
CIPC License Business Rescue Practitioner Application
** A person may be appointed as a business rescue practitioner of a company only if that person is a member in good standing of a legal, accounting or business management profession.
Related / Similar Facility : CAO Login Check My Application
** A conditional license as a business rescue practioner will only be issued to a person who has been nominated by a company that is financially distressed.
To apply for a license as a business rescue practitioner, follow these steps :
Register as a Customer :
** To view information on how to register as a customer, click here.
** If you are already registered as a customer, and know your customer code and password, proceed to step 2.
Deposit funds
** Deposit R500 into the CIPC bank account.
** For the bank account details, here.
** Use your customer code as reference when depositing money into the CIPC bank account.
Apply for a license as business rescue practitioner :
** Print and complete form Cor126.1
** Scan and e-mail the completed and signed documents together with supporting information to businessrescue AT cipc.co.za
Documents to be submitted
** COR126.1 Form (duly completed dated and signed).
** Proof of filing fee of R500;
** Customer Code (clearly indicated on the top right hand corner of the form).
** Certified copies of suitable educational qualifications.
** A comprehensive résumé (CV) containing full and detailed particulars of the applicant’s history and relevant practical experience working in a distressed business environment and demonstrating relevant turn around experience.
** Registration number/s that reflects membership of relevant professional body or bodies.
** Supporting documentation to substantiate the factual information in respect of the history and relevant practical experience, (provide references).
** Certified valid TAX clearance certificate (individual).
A declaration/ Sworn statement in terms of Section 138 stating that the applicant :
a. Is not subject to an order of probation in terms of section 162 (7);
b. Would not be disqualified from acting as a director of the company in terms of section 69 (8);
c. Does not have any relationship with the company requesting Business Rescue;
d. Is not related to a person who has a relationship with anyone of the company.
** The applicant must adhere to the concurrent application of Section 5(6) of the Companies Act 71 of 2008 as amended, in case of a listed entities.
** The applicant must state if he/she has ever been refused a license before, or membership of a professional body, (if so provide reasons).
** Certified ID or passport copy of the applicant.
** Contact details containing e-mail address and cell phone number.
Contact Address
PO Box 429
Pretoria
0001