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Fund-raising Act, 1978 (Act No. 107 of 1978)


Regulations made under the Fundraising Act, 1978

14. Liquidation and Distribution Account


(1) Every liquidation and distribution account submitted to the Director in terms of section 13(1) of the Act shall be prepared in the form of Schedule VIII and shall be accompanied by the financial statements referred to in regulation 13 in respect of that part of the financial year in question which immediately precedes the date following immediately upon the date on which the authority, temporary authority or registration certificate granted or issued lapsed or was withdrawn in terms of the Act or with effect from which the fund-raising organisation or registered branch concerned was dissolved or the holder discontinued its or his activities.


(2) Such liquidation and distribution account and such financial statements shall be submitted to the Director within a period of four months of the first date mentioned in subregulation (1).


(3) The provisions of regulation 13(3) and (4) shall mutatis mutandis apply in respect of every liquidation and distribution account referred to in this regulation.