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Share Blocks Control Act 1980 (Act No. 59 of 1980)

2. Exemption from provisions of Act and from payment of fees in terms of Companies Act


(1) The Registrar may on application, in the prescribed manner, by a company which at the commencement of this Act operates a share block scheme, exempt for reasons advanced in the application and considered by the Registrar to be adequate, such company from any provision of this Act for such period and on such conditions as the Registrar may deem fit.


(2) If a company alters its memorandum or articles to comply with any provision of this Act, no fees shall be payable to the Registrar in respect of such alteration.