Implementation of Geneva Conventions Act, 2012
R 385
Banks Act, 1990 (Act No. 94 of 1990)Chapter V : Functioning of Banks and Controlling Companies with reference to Companies Act53. Disclosure by banks and controlling companies of interest in subsidiaries, trusts and other undertakings |
A bank or a controlling company shall on such a form and at such intervals as may be prescribed furnish the Authority with such particulars as may be prescribed relating to its shareholding or other interest in—
| (a) | its subsidiaries contemplated in section 52(1)(a); |
| (aA) | any joint venture contemplated in section 52(1)(aA); |
[Section 53(aA) inserted by section 4 of Act No. 55 of 1996]
| (b) | an undertaking contemplated in section 52(1)(c); or |
| (c) | any trust or financial or other business undertaking contemplated in section 52(1)(d). |
