Protection of Businesses Act, 1978
R 385
Companies Act, 1973 (Act No. 61 of 1973)Companies Administrative Regulations, 197332. Power to Acquire Shares of Minority in Take-Over Scheme [Section 321] |
| 1) | Where a company has issued share warrants to bearer, the notice referred to in regulation 30 or 31 which is required to be sent to shareholders who have not accepted the offer, shall be in the form of a notice published in the Gazette. |
| 2) |
| a) | If it is known to the offeror that some or all of the holders of such share warrants are not resident in the Republic, the offeror shall report this fact to the Registrar, and inform him of the names of the foreign countries where such holders are known to reside. |
| b) |
| i) | The Registrar may, on receipt of such a report, order that, as an additional form of notice, an advertisement be published in one or more newspapers circulating in the foreign country or countries concerned, or that such additional from of notice be given as he may in the circumstances of each case deem fit. |
| ii) | Compliance with an order of the Registrar under subparagraph (i) shall be deemed to be sufficient notice to the holders of such share warrants. |
