THE Companies and Intellectual Properties Commission (CIPC) has improved the turnaround time for company registrations and has consistently been able to do this within a day, acting commissioner Rory Voller said this week.Automation has helped speed up the process, although the high volume of applications sometimes resulted in computer timeouts, he said in an interview before briefing Parliament’s trade and industry committee on the commission’s performance.READ THIS: EXCLUSIVE: Company registration delays a possibility as CIPC and Metrofile bickerIn the past, the long delay in getting a company registered caused immense frustration in the business community and was cited as a constraint on the ease of doing business. The CIPC is currently handling between 25,000 and 30,000 company registrations a month.The commission has established collaborative relations with SA’s four major banks to facilitate new company registrations simultaneous with the opening of bank accounts. First Natio...
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