The Companies and Intellectual Property Commission (CIPC) has issued a public notice to provide clarity on when the compulsory registration of business names as provided for in the Consumer Protection Act, 2008, will come into force.
The CIPC says that there is no prohibition as yet on the creation and use of business names, since the effective date for the implementation of the relevant provisions is still to be published by the Minister of Trade and Industry in the Government Gazette. Such notice must be published six months prior to the implementation date. Once the date has been published CIPC will communicate this fact to the general public via the print media and on the CIPC website at www.cipc.co.za.
It should be noted that business names that have been in use for more than one year prior to the date of implementation, will not be affected.