Non-Profit Company | Sea-Waves Technology

Non-Profit Company

Business Services Non-Profit Company

Non-Profit Company (NPC) Registration

 

A Non Profit company is a company that is registered with the aim of assisting or promoting the community. It is a company in its own right and falls under the jurisdiction of the companies’ act.

 

However, it does not have shares. There is no real ownership of the company per say, as the company is for the benefit of the community. There are always supposed to be three directors at all times.

  • The primary objective of an NPC is to benefit the public through a particular cause, and not to make a profit. Examples of NPC’s could include churches, charity organizations and cultural organizations.
  • The income and property may not be distributed to the incorporators, directors or officers of a non-profit company, except as reasonable compensation for services rendered by them to the NPC.
  • Incorporators are the Non-profit Company’s founders or first directors, a minimum of 3 directors are required for registration.
  • A NPC may not qualify for funding from the Department of Social Development until the entity is registered on their database as an NPO (Non-Profit Organisation). You can still get funding from all other sources however.

If you plan to register your NPC with the Department of Social Development, you will need to ensure you register your NPC with at least 5 directors as this is a requirement from the Department of Social Development.

 

Organisations such as SETA prefer to work with a registered NPC rather than an NPO, while on the other hand organisations such as The National Lottery Board will only fund NPO’s or NPC’s that have been registered as NPO’s as well.

 

Being non-profit does not mean that you will not pay tax. This is a separate request from SARS and will only be granted if you fulfil certain criteria. Primarily that you are not competing in the business world, as if you are a normal enterprise.

 

To register an NPC, the following documents and information is required:

  • The number of directors the NPC will have along with their ID copies (minimum three directors)
  • Four proposed names in order of preference.
  • The postal and physical address of the company.
  • Company contact details (this includes email addresses and Telephone numbers)
  • The details of the intended directors. (this includes addresses, contact numbers and email addresses)
  • A limited Power of Attorney in which you give us the authority to register a company on your behalf, signed by all intended director/s (which will be sent to you via email once the order is placed).
  • A small description about the objectives of your NPC

The A Non-Profit Company (NPC) Registration process is divided into two steps:

  • Step 1: Name Reservations will be made, which will take 5-10 business days. However, If there is a delay from CIPC due to excessive workload, the process could take longer.
  • Step 2: Once the name has been approved, the Company Registration process will take place, which will take 21-30 business days. However, If there is a delay from CIPC/SARS due to excessive workload, the process could take longer.

Once the NPC has been registered, you will receive the following documents via email or post:

  • A registration certificate COR 14.3
  • A Notice of Incorporation COR 14.1
  • Confirmation of the initial directors appointed to the company COR 14.1A
  • Memorandum of incorporation (MOI) COR 15.1C
  • B-BBEE Affidavit

Cost for NPC Registration: R 700.00

RegisterRegister

NON-PROFIT COMPANY REGISTRATION

Applicant's Information

First Name
Field is required!
Field is required!
Last Name
Field is required!
Field is required!
E-mail Address
Field is required!
Field is required!
Phone Number
Field is required!
Field is required!

Proposed Company Name

Four proposed names for your Company in order of preference. If the first name is rejected, the second or third will be processed in the order you specify below.

N.B: We use your spelling. Take into account, if your name is somewhat similar to an existing company name, the reservation will be rejected and another name reservation will have to be lodged at CIPC, at an additional cost of R100.00
1st Choice
Field is required!
Field is required!
2nd Choice
Field is required!
Field is required!
3rd Choice
Field is required!
Field is required!
4th Choice
Field is required!
Field is required!

Company Information

How Directors Will Be Appointed
  • DURING ANNUAL GENERAL MEETING HELD WITHIN 6 MONTHS AFTER FINANCIAL YEAR END
  • GENERAL DIRECTORS MEETING HELD OR ROUND ROBIN APPROVAL BY DIRECTORS, WITHIN 10 WORKING DAYS AFTER RESIGNATION OR DEATH OF ANY DIRECTOR
Field is required!
Field is required!
Main Objective
  • Community Social Welfare
  • Community Youth Development
  • Community Health Care Service
  • Community Economic Empowerment and Foundation
  • Religious Worship and other religious community outreach activities
  • Community training and educational development
  • Home Owner Association
Field is required!
Field is required!
Company's Physical Address
Field is required!
Field is required!
Field is required!
Field is required!
Zip Code
Field is required!
Field is required!
City
Field is required!
Field is required!
Province
  • KwaZulu-Natal
  • Gauteng
  • Western Cape
  • Eastern Cape
  • Northern Cape
  • North West
  • Limpopo
  • Mpumalanga
  • Free State
Field is required!
Field is required!
Physical Address is the same as Postal Address
Field is required!
Field is required!
Company's Postal Address
P.O. Box
Field is required!
Field is required!
Zip Code
Field is required!
Field is required!
City
Field is required!
Field is required!
Province
  • KwaZulu-Natal
  • Gauteng
  • Western Cape
  • Eastern Cape
  • Northern Cape
  • North West
  • Limpopo
  • Mpumalanga
  • Free State
Field is required!
Field is required!

Director Information

First Name
Field is required!
Field is required!
Middle Name
Field is required!
Field is required!
Surname
Field is required!
Field is required!
Email Address
Field is required!
Field is required!
Cell Number
Field is required!
Field is required!
ID Number
Field is required!
Field is required!
ID Copy
Upload your documents...
Field is required!
Field is required!
Physical Address
Field is required!
Field is required!
Field is required!
Field is required!
Zip Code
Field is required!
Field is required!
City
Field is required!
Field is required!
Province
  • KwaZulu-Natal
  • Gauteng
  • Western Cape
  • Eastern Cape
  • Northern Cape
  • North West
  • Limpopo
  • Mpumalanga
  • Free State
Field is required!
Field is required!
Physical Address is the same as Postal Address
Field is required!
Field is required!
Postal Address
P.O. Box
Field is required!
Field is required!
Zip Code
Field is required!
Field is required!
City
Field is required!
Field is required!
Province
  • KwaZulu-Natal
  • Gauteng
  • Western Cape
  • Eastern Cape
  • Northern Cape
  • North West
  • Limpopo
  • Mpumalanga
  • Free State
Field is required!
Field is required!
Submit
FacebookTwitterLinkedinWhatsappTelegramEmailPrint
Cookie Notification
This site uses cookies to ensure that we give you the best experience on our website. If you continue to without changing your Cookie Settings, we'll assume that you are happy with it.
See our Cookie Policy
Change Cookie Settings
Ok, I like Cookies!
Cookie Notification
This site uses cookies to ensure that we give you the best experience on our website. If you continue to without changing your Cookie Settings, we'll assume that you are happy with it.
See our Cookie Policy
Change Cookie Settings
Ok, I like Cookies!