As part of the national effort against the outbreak of the Coronavirus, various authorities have issued guidelines and easements for non-profit and public-benefit companies.
Israeli Corporations Authority
- Reception: Public reception and frontal services will not be provided at any branch of Israeli Corporations Authority. However, in urgent cases, after approval, frontal service will be provided while exercising all precautions. In accordance, one may utilize our office to arrange an urgent meeting.
- March 31, 2020 the Corporations Authority announced that it would no longer allow document submission in the deposit boxes. It is possible to send by mail (preferably by registered mail to enable tracking) and attach contact information including telephone and e-mail address to which confirmation or other reference will be sent, as appropriate. It is important to keep a copy of the document sent.
- The response time for handling physically submitted (via mail) reports is expected to be longer than usual.
We recommend submitting documents and reports online. Council /Board members, CEOs, auditing accountants and other officers of non-profit organizations and public-benefit companies, that are registered with the Corporations Authority system, can submit certain reports online using Government Identification System (GovID), even without a smart card. We will be happy to assist and guide you in this regard.
- It is still possible to register non-profit organizations and public-interest companies online.
- Pledges registrations via e-mail: Starting March 26, 2020, attorneys are able to submit pledge registration requests to the Registrar of Pledges via e-mail using a smart card.
- Extensions: All non-profits, public-benefit companies, and public charitable trusts were granted a forty-five-day automatic extension (no need to submit a request) for filing documents and information required during an audit process by the Registrar of Associations and Charitable Trusts or a CPA on its behalf. We estimate that if the crisis continues, then further extensions will be granted.
Please note that applications for approval of Proper Management ("Nihul Takin") of non-profits or public-benefit companies that haven't met all submission requirements of documents or other clarification demands will not be handled.
The annual report deadline for 2019 will be postponed by a month, to July 31, 2020, along with the filing of annual reports for 2019, under the "Proper Management for Two Years" policy. In addition, reporting schedules coordinated with the Institute of Certified Public Accountants will be postponed by a month or in accordance with extensions which will be granted on a case-by-case basis.
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Originally Published 22 April, 2020
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