CoR15.1B (Long-form standard Memorandum of Incorporation)
The CoR15.1B is the long-form standard Memorandum of Incorporation (MOI) for profit companies.
It’s a more detailed version of the default MOI and gives you more flexibility and control over how your company is structured and managed.
If the CoR15.1A is the basic rulebook, the CoR15.1B is the advanced one.
It’s better suited to companies with…
- multiple shareholders
- multiple investors
- more complex needs
"What does the CoR15.1B include?"
The CoR15.1B gives you more options around things like…
- Different types or classes of shares
- Custom voting rights
- Shareholder protections
- Dividend preferences
- Dispute resolution procedures
- How decisions are made and by whom
It still follows the Companies Act but gives you more control over how your business runs.
"Do I need a CoR15.1B to register a company?"
No.
The CIPC applies the CoR15.1A (short MOI) by default unless you upload a different version (like the CoR15.1B or a custom MOI) when registering.
But if you know your business will grow, bring in investors, or need more structure, the CoR15.1B might be the better starting point.
"Who should use the CoR15.1B?"
This MOI is ideal if you…
- Plan to issue different types of shares
- Want to set up employee share schemes
- Have more than one investor or founder
- Need more protection for shareholder rights
- Want detailed rules for managing company decisions
It’s especially useful for startups looking to scale or raise capital.
"Can I customise the CoR15.1B?"
Yes, to an extent…
The CoR15.1B includes more built-in flexibility than the short MOI, but if you need something fully tailored, you can work with a legal advisor to draft a custom MOI and file it with a CoR15.2.
"Is the CoR15.1B harder to manage?"
It’s more complex, yes, but that also means it’s more protective.
If you’re managing multiple stakeholders or planning to grow quickly, the extra structure is often worth it.
"How do I use a CoR15.1B when registering?"
When registering your company, you can upload the CoR15.1B instead of using the default CoR15.1A.