Acts Online
GT Shield

Conversion of South African Special Risks Insurance Association Act, 1998 (Act No. 134 of 1998)

5. Share capital

 

1) Upon the conversion of SASRIA into a public company, the Company has-
a) a share capital of R1, represented by one ordinary share with a nominal value of R1, held by the State; and
b) the State as its only member.

 

2) While the State is the sole or majority shareholder in the Company, sections 66, 190 and 344(d) of the Companies Act do not apply to the Company.

 

 


500 - Internal Server Error
500 - Internal Server Error

We're sorry, but something went wrong displaying that page. While we work on fixing this, you can return to the home page.

Alternatively, email [email protected] for assistance.