Housing Development Agency Act, 2008
R 385
Pension Funds Act, 1956 (Act No. 24 of 1956)Chapter II : Registration and Incorporation4C. Transfer to pension fund referred to in section 4A of its assets held by another |
| (1) | If any person holds any assets on behalf of a pension fund referred to in section 4A or has on behalf of any such pension invested any assets in any stock, debentures, securities or financial instruments, he shall, on production to him of the certificate of provisional registration or the certificate of registration in respect of such pension fund— |
| (a) | transfer those assets into the name of such pension fund; |
| (b) | take such steps as may be necessary to ensure that on such stock, debentures, securities or financial instruments issued in his name and in any relevant register such endorsements are made as may be necessary to show that the ownership in such stock, debentures, securities or financial instruments vests in such pension fund; and |
| (c) | if requested thereto by such pension fund, transfer to such fund the stock, debentures, securities or financial instruments vested in it. |
| (2) | No registration fee or costs shall be payable in respect of any transfer or endorsement referred to in subsection (1). |
