This
contains UNCERTIFIED COPY for information/reference. For authentic
copy, please refer to certified copy only. In case
of any
mistake,
please bring it to our notice.
| LegalB's Resources |
| South Africa NATIONAL LEGISLATION OVERVIEWS  |
||
Share
Blocks Control Act, No. 59 of 1980
Long title
To control the operation of share block schemes; and to provide for matters connected therewith
Table of contents
| SECTION | TITLE |
| 1. | Definitions |
| 2. | Exemption from provisions of Act and from payment of fees in terms of Companies Act |
| 3. | Application of certain laws in respect of share block company |
| 4. | Presumption as to operation of share block scheme by company |
| 5. | Restriction on operation of share block scheme |
| 6. | Registrar responsible for administration of Act |
| 7. | Main object of share block company and use agreement |
| 8. | Capacity and powers of share block company |
| 9. | Provisions as to name of share block company |
| 10. | Rights attaching to shares of share block company |
| 11. | Offer of shares for sale |
| 12. | Directors of share block company |
| 13. | Establishment of levy fund by share block company |
| 14. | Loan obligation of share block company |
| 15. | Trust account of and investment of trust moneys by share block company |
| 16. | Formalities in respect of contract relating to a share and a use agreement |
| 17. | Contents of contract relating to share |
| 18. | Consequences of non-compliance with formalities |
| 19. | Insurance of immovable property of share block company |
| 20. | Regulations |
| 21. | Offences and penalties |
| 22. | Waiver of rights |
| 23. | Amendment of Act 65 of 1971 |
| 24. | Short title and commencement |
| Sch. 1. | SCHEDULE 1. |
| Sch. 2. | SCHEDULE 2. |
| Sch. 3. | SCHEDULE 3. |
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.] |
Access Official Gazette PDF | Request Subscription Fee | Subscriber Access |
| As unamended Act 1980_059_000_19800523 | EXT.LINK | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
| As amended by Act 2008_071_000_20090409 | N/A | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
* LegalB refers to a "version" of an Act or its sections in the format "YYYY_NNN_SSS_YYYYMMDD", which refers to "YEAR OF ACT_ACT NUMBER_SECTION OF ACT_DATE OF GAZETTE", and where "DATE OF GAZETTE" refers to the "YEAR_MONTH_DAY" on the face of the Gazette in which either the Act was originally published or in which the amending, lapsing or repealing instrument was published. Where any segment of the reference string contains only zeros, it means that information is not relevant, not made available, or unavailable.
* Unbolded grey text in square brackets is additional information provided by LegalB.
* "..." indicates further information not provided by LegalB for purpose of brevity
* An Asterisk indicates uncertainty regarding information, and a double asterisk indicates information must be read in the light of our relevant Commentary.