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

The Securities Regulation Code on Takeovers and Mergers

The Code

Section B. Definitions

5. Implementation of Definitions of "Control" and "Specified Percentage" in the Act

 

 

For the purposes of determining control as defined in the Act, the specified percentage is hereby prescribed as being 35% or more of the voting rights of a company.