Amendments to memorandum of incorporation
FAQ
What is a MOI?
The Memorandum of Incorporation is the founding document of your company
It is called the Cor 15.1
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The Company's Intellectual Property Commission (CIPC) issues a welcome
letter after your non profit company has been registered, containing amongst
the other documents, your company's MOI.
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Why must the MOI be amended?
All companies are registered and issued with a standard MOI.
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In order to receive tax exemption (PBO), SARS requires that you amend your founding document, to include certain sections of the Income Tax Act.
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What does it entail?
The resolution and a new MOI will be prepared on your behalf in order to be compliant to the requirements set out by SARS.
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The directors will then sign the documents which have been prepared.
This will then be submitted to CIPC.
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CIPC will issue a Cor 15.2 document acknowledging the change to the existing MOI.
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This will then be submitted to SARS to ensure compliance.
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What is the cost?
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Preparation of MOI R2,500
Disbursement fee of CIPC R250
Registration of Cor15.2 with CIPC and SARS R250
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Total R3,000
