Housing Development Agency Act, 2008
R 385
Companies Act, 2008 (Act No. 71 of 2008)RegulationsCompanies Regulations, 2011Chapter 5 : Fundamental Transactions and Takeover RegulationsPart A : Interpretation and Application82. Beneficial Interests |
| (1) | A compliance obligation that— |
| (a) | falls upon a person who would be regarded as a holder of a beneficial interest in terms of the definition of "holder" in Section 117 (1)(e), read with the definition of "beneficial interest" in section 1; and |
| (b) | arises in terms of Part B and Part C of Chapter 5 of the Act, or this Chapter, |
applies equally to a nominee entity, asset manager or similar person who has authority, by any means, to exercise rights of disposal or rights of voting with respect to particular securities.
| (2) | No compliance obligation arises from an announced intention to acquire a beneficial interest in the remaining voting securities of a regulated company, as contemplated in Section 117 (1)(c)(v), until an offer is made for all of those securities. |
