Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Companies Act, 1973 (Act No. 61 of 1973)Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for SaleDebentures122. Director or officer not to be trustee for debenture-holders |
No director or officer of a company shall be capable of being a trustee for the holders of debentures of that company.