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

Chapter I: Application of Act

3. Restricted application of Act in case of banking and insurance companies and certain other associations

 

 

1) The provisions of this Act shall not apply-
a) with reference to any company the formation, registration and management whereof are governed by the provisions of any law relating to friendly societies, including pension funds, within the meaning of the Pension Funds Act, 1956 (Act No. 24 of 1956), trade unions and employers' organizations, or co-operative societies or companies, save in so far as may be otherwise provided in any such law;
b) with reference to any company or external company or society which is subject to the provisions of any law relating to insurance companies or societies in so far as those provisions are inconsistent with the provisions of this Act; or
c) except in so far as section 21 is concerned, with reference to any association or society registered under the Societies and Associations Incorporation Ordinance, 1903 (Ordinance No. 56 of 1903), of the Transvaal; or
d) with reference to any mutual building society as defined in section 1 of the Mutual Building Societies Act, 1965 (Act No. 24 of 1965).

 

2) Notwithstanding the repeal by the Companies Act, 1909 (Act No. 31 of 1909), of the Transvaal, of the said Societies and Associations Incorporations Ordinance, 1903, the provisions of that Ordinance shall, subject to the provisions of subsection (1)(c) of this section, continue to apply with reference to any association or society registered under the said Ordinance.