Maintenance Act, 1998
R 385
Banks Act, 1990 (Act No. 94 of 1990)Chapter III : Authorisation to Establish, and Registration and Cancellation of Registration of, Banks27. Cancellation of registration at request of bank |
The Authority shall cancel the registration of a bank upon submission to him or her by the institution concerned of a special resolution approved by the shareholders holding no less than 75 per cent of the voting rights entitled to vote on the decision authorising such cancellation.
[Section 27 substituted by section 14 of Act No. 22 of 2013]
