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Table of Contents
South African Postbank Limited Act, 2010 (Act No. 9 of 2010)
Introduction
Chapter I : Interpretation and Object of Act
1. Definitions
2. Object of Act
Chapter II : Incorporation and Transfer of Enterprise
3. Incorporation
4. 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. 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 financial 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
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
Schedules
Schedule 1 : Repeal of Laws
Notices
Determination of the transfer date of the Postbank enterprise
Notice No. 151 of 2019
Chapter III : Powers and Duties of Company
Purchase
9. Powers and duties of Company
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