Quick Answer What Happens If My Company Is Deregistered by CIPC? When CIPC deregisters your company it ceases to exist as a legal entity: it cannot trade, sue or sign contracts, banks freeze its accounts, and its assets can vest in the state. The fix is reinstatement – form CoR40.5 (R200) plus all outstanding annual returns at late rates. What this means in plain language Deregistration usually follows ignored annual returns. CIPC assumes a company that never files has died, and removes it from the register like a deregistered car. The consequences are practical, not theoretical: payments bounce, tenders are lost, landlords and suppliers cannot contract with a non-existent entity,…