Acts Online
GT Shield

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

Regulations Relating to the South African Reserve Bank

Chapter III : General Meetings

7. Ordinary general meetings



7.1) The Chairperson shall convene an ordinary general meeting of shareholders after the end of each financial year.


7.2) The meeting shall take place on a date and time approved by the Board, being no later than 6 months after the financial year end, or on any later date that the Minister may approve on good cause shown.


7.3) The business of the ordinary general meeting shall be-
a) the presentation and discussion of the reports mentioned in Regulation 24.1;
b) the election of directors provided for in section 4(1)(b) of the Act;
c) the appointment of auditors and approval of the auditors; remuneration in accordance with Regulation 22.1;
d) special business of which proper notice was given; and
e) any further business arising from the items listed above.