[Regulation 6 repealed by Notice No. R. 645 dated 20 July 2010]
A juristic person applying for a grant in terms of section 31 of the Act, in respect of any matter approved by the Minister as contemplated in section 26(3)(e) of the Act, shall-
| a) |
state that its income and property are not distributable to its members, employees or managers, except as reasonable compensation for services rendered; |
| b) |
indicate that changes in the composition of its membership or management will not substantially affect its continued existence; |
| c) |
establish that it aims to improve the quality of life of people and communities who are disadvantaged by poverty or social exclusion; |
| d) |
indicate that the projects undertaken or to be undertaken shall be for the public good and that there is a clear demand therefor; |
| e) |
indicate that the projects undertaken or to be undertaken shall promote social inclusion and encourage community involvement; |
| f) |
indicate that the project or intended project produces or will produce significant improvements or new developments which would not otherwise have taken place; |
| g) |
establish that project or intended project is financially viable and capable of being implemented; |
| h) |
establish that it has adequate measures and procedures for the proper application of sound, economically efficient and effective management; |
| i) |
establish that proper accounting records are kept; |
| j) |
furnish a written report pertaining to its financial state of affairs and activities; |
| k) |
indicate the procedure for changing its constitution in respect of its aims. |
Contingency Fees Act, 1997
