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Banks Act, 1990 (Act No. 94 of 1990)

Chapter IV Shareholding in, and Registration of Controlling Companies in respect of, Banks

43. Application for registration as controlling company

 

(1) Subject to section 42, a public company—
(a) that intends to exercise control over any bank; or
(b) which is a controlling company, as defined in section 1 of the Companies Act, in respect of any other public company which has applied in terms of section 16 for registration as a bank,

[Section 43(1)(b) substituted by section 19 of Act No. 22 of 2013]

shall apply to the Authority on the form prescribed for registration as a controlling company in respect of that bank or proposed bank, as the case may be.

[Section 42(1) substituted by section 10 of Act No. 20 of 2007]

 

(2) An application referred to in subsection (1) shall be accompanied by such information and documents as may be prescribed.

 

(3) A public company applying in terms of subsection (1) for registration as a controlling company shall submit such additional particulars in connection with its application as the Authority may require.