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Companies Act, 1973 (Act No. 61 of 1973)

Chapter XVB: Financial reporting standards

440Z. Officers and meetings of Panel

 

 

1) The Panel shall-
a) determine the procedures to be followed at its meetings;
b) determine the procedures to be followed by an investigation committee;-
c) meet at least twice a year on dates set by the chairperson,

 

2) The procedures determined under subsection (1)( b) shall be in accordance with the Promotion of Administrative Justice Act, 2000 (Act No. 3 of 2000).

 

3) Each member present at a meeting of the Panel shall have one vote and the decision of a majority of the members at any meeting of the Panel where at least two thirds of the members are present, constitutes a decision of the Panel.