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

The Securities Regulation Code on Takeovers and Mergers

Rules under Sections 440C(4)(a), (b), (c) and (f) of Act No. 61 of 1973, as amended

5. The Remuneration and Allowances of Officers and Employees of the Panel and the Conditions upon which they are Appointed

 

 

1) The Executive Director in consultation with the Executive Committee shall appoint such officers and other senior employees of the Panel as are reasonably required for the proper discharge of its functions.

 

2) The remuneration and allowances of such persons and their conditions of appointment shall be determined by the Executive Director in consultation with the Executive Committee.