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South Africa
NATIONAL LEGISLATION OVERVIEWS

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South African Postbank Limited Act, No. 9 of 2010

Long title


To provide for the incorporation of the Postbank Division of the South African Post Office; to provide for the transfer of the enterprise of that Division to the postbank company; to provide for the governance and functions of the postbank company; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
ARRANGEMENT OF SECTIONS
CHAPTER I. INTERPRETATION AND OBJECT OF ACT
1. Definitions
2. Object of Act
CHAPTER II. INCORPORATION AND TRANSFER OF ENTERPRISE
3. Incorporation
4. [...repealed by Act 2013_044_003_20140128 - was entitled "Registration as Bank"]
5. Determination of extent of business to be transferred
6. Determination of transfer date of enterprise
7. Transfer of enterprise of former Postbank to Company, vesting and consequence thereof
8. [...repealed by Act 2013_044_003_20140128 - was entitled "Exemption from tax liability"]
CHAPTER III. POWERS AND DUTIES OF COMPANY
9. Powers and duties of Company 
CHAPTER IV. CONTROL AND MANAGEMENT OF COMPANY
10. Control of Company by Board
11. Functions of Board
12. Composition of Board 
13. Disclosure and disqualification from membership of Board
14. Appointment of members of Board
15. Resignation, removal from office and vacating of office
16. Disclosure and fiduciary duties of Board members
17. Procedures at meetings, and committees of Board*
18. Appointment of managing director
19. Conditions of appointment of managing director
20. Personnel of Company
CHAPTER V. FUNDS AND FINANCIAL ACCOUNTS OF COMPANY
21. Annual report
22. Funds of Company
23. Inspection of accounts and documents of Company*
24. Application of Public Finance Management Act
CHAPTER VI. GENERAL AND MISCELLANEOUS
25. Intervention by Minister
26. Regulations and policy
26A. Application of Banks Act [...inserted by Act 2013_044_012_20140128]
27. Non-application of provision of Companies Act
28. Certain provisions of Companies Act may be declared inapplicable to Company
29. Offences
30. Transitional provisions
31. Repeal of laws
32. Short title and commencement
Sch. 1. SCHEDULE 1. REPEAL OF LAWS [s31]

Legislation Text Access Point

Versions
[To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.]
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