Auditing Profession Act, 2005
R 385
Share Blocks Control Act 1980 (Act No. 59 of 1980)11. Offer of shares for sale |
Notwithstanding anything to the contrary contained in any law—
| (a) | any person may offer shares of a share block company for sale to the public if, in lieu of compliance with any other requirements, such offer is accompanied by a statement that any proposed purchaser of any such shares is required to enter into a contract referred to in section 17 in respect of such shares and that a copy of the contract required to be entered into is available for inspection free of charge at an address indicated in the statement; and |
| (b) | no rule of law relating to a prospectus of a company shall apply to a newspaper or other advertisement offering any shares of a share block company for sale to the public or calling attention to any such offer or any intended offer of such shares, if the statement contemplated in paragraph (a) is contained in the advertisement. |
