The Companies and Intellectual Property Commission (CIPC) has released the names of the 20 listed companies that breached the Companies Act by misstating their annual turnover and paying the incorrect fees to the CIPC.The 20 companies are Adcock Ingram, Astral Foods, Astrapak, Aveng, Bell Equipment, Clicks, DRDGold, Gold Fields, Group Five, Impala Platinum, Kumba Iron Ore, Murray & Roberts, Pioneer Foods, Rhodes Foods, Sasol, Sun International, Super Group, Torre Industries, Wesizwe Platinum and York Timbers. It is the first such action undertaken by CIPC.The release of the 20 names by the CIPC follows the JSE’s refusal to allow the companies to use SENS to inform the market of their transgression. In August, when it announced the contravention by unnamed companies, the CIPC instructed the companies to issue individual SENS statements. "Failure to do so will result in the CIPC publishing the names of these companies on the CIPC website," it said.The JSE blocked this use of SENS, say...
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