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

Companies Regulations, 2011

Annexures

Annexure 2

Table CR 2A - Panel Fee Schedule (in terms of Regulations 122, 155, 170 and 171)

 

 

(1) The fees chargeable (inclusive of VAT) for the several categories of service rendered by the Panel, and referred to in regulation 122 (1) are as follows:
(a) No fees will be charged for services under regulation 122 (1)(a).
(b) Services under regulation 122 (1)(b) will be charged at the rate of Rl 710 per billable hour of work or part thereof.
(c) Services under regulation 122 (1)(c) will be charged at the rate of R3 420 per billable hour of work or part thereof.
(d) Services under regulation 122 (1)(d), including a circular dealing with a waiver, payable upon first submission of documentation for which a VAT invoice will be issued by the Panel, will depend on the value of the offer, being the consideration payable for acquiring, merging or amalgamating the securities or assets/undertaking of each/all offeree regulated company/ies involved, and will be charged according to the scale set out below:

 

Consideration value of affected transaction (R million)

Fee including VAT (R)


Up to 50

57 000


Over 50 to 100

85 500


Over 100 to 250

114 000


Over 250 to 500

142 500


Over 500 to 1000

171 000


Over 1 000 to 10 000

228 000


Over 10 000

285 000


 

(2) Fees to be levied by the Panel in terms of regulation 171 will be as published from time to time in the Gazette.