NEWS: CIRPO being replaced next month

CIPRO, the Companies and Intellectual Property Registration Office, is to be replaced with the imlpementation of the new Companies Act on 1 May 2011.

CIRPO has been the subject of some scrutiny of late due to their internal control failures where they admitted to paying out millions of rand fraudulently and also had at least 11 companies hijacked.

The CIPC (Companies and Intellectual Property Commission) will essentially merge CIPRO with the Office of the Company and Intellectual Property Enforcement, perhaps giving them a broader mandate to cover the full end-to-end process of registering and monitoring companies.

http://www.fin24.com/Economy/Body-to-replace-Cipro-launched-20110418

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