Customs and Excise Act, 1964
R 385
Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)RegulationsRegulations made under Section 17Share allocation arrangements9. Commission |
The Bank may at any time pay a commission to any person subscribing or agreeing to subscribe (whether absolutely or conditionally) for any shares of the Bank, or procuring or agreeing to procure subscriptions (whether absolutely or conditionally) for any shares of the Bank: Provided that the amount or rate of commission shall not exceed five per centum (5%) of the price at which the shares are issued. A commission may be paid or satisfied in cash or in shares of the Bank.
