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South African Reserve Bank Act, 1989 (Act No. 90 of 1989)

Regulations Relating to the South African Reserve Bank

Chapter III : General Meetings

11. Voting by proxy



11.1) An instrument appointing a proxy -
a) shall be signed by the shareholder granting the proxy or by an agent authorised under Regulation 5.5;
b) shall be counter-signed by a witness;
c) if granted by a company or other corporate body, shall be duly authorized and given in a manner that binds that body;
d) shall conform to a format provided by the Bank from time to time.


11.2) A proxy must be lodged at least 48 hours before the meeting at which it will be used, or delivered at any other place and by such time as the Board may determine.


11.3) Unless the Chairperson receives notice before a proxy vote is exercised, that vote shall be valid even if the shareholder granting the proxy has subsequently -
a) died;
b) lost legal capacity;
c) revoked the proxy;
d) transferred the shares in respect of which the proxy was given.