Banks Act, 1990 (Act No. 94 of 1990)

Chapter V : Functioning of Banks and Controlling Companies with reference to Companies Act

Purchase

[Section 65 heading substituted by section 290, item 15 in Schedule 4, of Act No. 9 of 2017]

(1)	Whenever a bank or controlling company—

(a)	forwards a notice of a meeting or of the declaration of a dividend or a report on its activities during a financial year or part of such year to its shareholders;

(b)	files a notice with the Commissioner in terms of section 23(3)(b)(ii) of the Companies Act of any intended change in the situation of its registered office;

[Section 65(1)(b) substituted by section 35(a) of Act No. 22 of 2013]

(c)	files in terms of section 70(6) of the Companies Act a notice referred to in that section regarding its directors to the Commissioner; or

[Section 65(1)(c) substituted by section 35(a) of Act No. 22 of 2013]

(d)	files in terms of section 33 of the Companies Act, financial statements to the Commissioner,

it shall simultaneously forward a copy of such notice, report, return or statements to the Authority.

(2)	A bank or controlling company shall within 30 days after a general meeting with shareholders, forward to the Authority a copy of the minutes to be kept in respect of such meeting in terms of section 24(3)(d) of the Companies Act.

[Section 65(2) substituted by section 35(b) of Act No. 22 of 2013]