Protection of Businesses Act, 1978
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)RegulationsRegulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free InvestmentPart IV : Withdrawal and transfer7. Withdrawal and transfer |
A product provider or an issuer may not transfer or deposit an amount that is withdrawn in respect of a tax free investment owned by an investor who is a minor into an account other than into an account—
| (a) | that is held in the name of that investor; or |
| (b) | of the deceased estate of that investor, |
who is a minor.
