Home Practice Management What to do to apply as a Business Rescue Practitioner

What to do to apply as a Business Rescue Practitioner


The Companies and Intellectual Properties Commission (CIPC) has issued guidelines for those seeking to apply as Business Rescue Practitioners.

The following documents must be submitted by email to CoR126.1@cipc.co.za:

  1. CoR126.1 form (completed and signed)
  2. Proof of R500 filing fee
  3. Customer code (clearly indicated on the top right hand corner of the form)
  4. Certified ID or passport copy
  5. Certified copies of education qualifications in either legal, accounting or business management
  6. Letter of good standing from Accredited Professional Body
  7. Comprehensive CV demonstrating practical experience of working in distressed business environment and business turnaround, with supporting documentation and references to substantiate practical experience
  8. Certified copy of valid tax clearance certificate if an individual
  9. Sworn statement in terms of Section 138 stating that the applicant is not: (a) subject to probation in terms of section 162(7), (b) would not be disqualified from acting as a director of the company in terms of section 69(8), and (c) is of sound financial status
  10. The applicant, if a listed entity, must adhere to Section 5(6) of the amended Companies Act
  11. Provide personal contact details (email and cell phone).

Any inquiries can be directed to Ms Veronic van Dyk at vvdyk@cipc.co.za or Ms Kgomotso Maseemola at kmasemola@cipc.co.za.