CIPC - Change in Financial Year End

The directors/shareholders may choose to change the company's financial year end in accordance with the following requirements:

• A company may only change its financial year end once during a particular financial year. 
•  A company may not choose a financial year end that will result in the total financial year being more than 15 months. 
• A company may choose to shorten its financial year in which instance there is no minimum applicable.
• The new year end must be later than the date on which the notice is filed.
• The current financial year end must not have ended.

You can  find out more from CIPC here

Creative CFO can help with this process and will:

• Determine whether the new year-end date selected by you is acceptable with CIPC as per the above requirements
• Make the relevant change  for you

Please note that you will also need to amend your Financial Year End with SARS once approved by CIPC.

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