Title: OCR Document
Author: Readiris
Last saved by: User
Company: I.R.I.S.

Friday, 17 October 2008

National Council of Provinces

1. Report of the Select Committee on Economic and Foreign Affairs on the Companies Bill [B61B - 2008] (National Assembly - sec 75), dated 15 October 2008:

The Select Committee on Economic and Foreign Affairs, having considered the subject of the Companies Bill [B61B – 2008] [National Assembly - sec 75 ] referred to it, reports the Bill with proposed amendments as follows:

CLAUSE 30

1. On page 37, from line 11, to omit "is - (i)" and to substitute "is".

CLAUSE 70

1. On page 65, from line 43, up to and including "Republic" in line 44, to omit subparagraph (iii).

2. On page 66, from line 15, to omit "or no remaining directors resident within the Republic"

CLAUSE 71

1. On page 66, from line 47, up to and including "Republic" in line 48, to omit paragraph (b).

2. On page 66, in line 52, to omit "non-resident".

3. On page 67, in lines 2, 7 and 15, to omit "or non-resident"

CLA USE 185

1. On page 145, from line 28, to omit paragraph (b) and to substitute:

"(b) a person designated by the Commissioner to perform a particular function of the Commission, is the certificate, notice, decision, determination or ruling of the Commission with respect to that matter."

CLAUSE 203

1. On page 153, in line 42, to omit "committee" and to substitute "council" .

SCHEDULE 3

1. On page 165, in line 2, to omit ‘‘CONSEQUENTIAL AMENDMENTS TO ACTS LISTED IN SCHEDULE 4’’ and to substitute ‘‘AMENDMENT OF LAWS’’

2. On page 165, after line 2, to insert "A: Close Corporations Act, 1984".

3. On page 170, in line 24, to omit "auditered" and to substitute "audited".

4. On page 174, in line 1, to omit ‘‘9. CONSEQUENTIAL AMENDMENTS TO ACTS LISTED IN SCHEDULE 5’’ and to substitute" B: Consequential Amendments to certain other Acts listed in Schedule 4".