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Companies Act, 2008 (Act No. 71 of 2008)

Companies Regulations, 2011

Chapter 8 : Regulatory Agencies and Administration

Part A : Regulatory Agency Offices and Functions

174. Content and standards for Commission registers

 

 

(1) A regulatory agency must keep any register required in terms of the Act in an official language of the Republic, in a manner sufficient to provide an adequate information base to—
(a) enable the regulatory agency to satisfy all reporting requirements applicable to it, in terms of the Act or any other applicable law;
(b) provide simple and efficient access to the public to information required to exercise any right in terms of the Act, or any other applicable law.

 

(2) The registers required to be kept by the Act must be kept in such a manner as—
(a) to provide adequate precautions against—
(i) theft, loss or intentional or accidental damage or destruction; and
(ii) falsification; and
(b) to facilitate the discovery and correction of any error or falsification.

 

(3) If a regulatory agency keeps any register partially or completely in electronic form, the regulatory agency must—
(a) provide adequate precautions against loss of the records as a result of damage to, or failure of, the media on which the records are kept; and
(b) ensure that information in the register is capable of being retrieved to a readable and printable form, including by converting the records from legacy to later storage media, or software, to the extent necessary from time to time.

 

(4) Each regulatory agency may determine the specific form of any register, and the particular manner in which information is recorded in or compiled from any register.