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R 385.00
Companies Act, 1973 (Act No. 61 of 1973)Chapter VI: Offering of Shares and ProspectusOffers to the public145A. Approval by stock exchange a requirement for letters of allocation |
1) | No person shall issue, distribute or deliver or cause to be issued, distributed or delivered a letter of allocation unless it is accompanied by such documents as are required and have been approved by the stock exchange concerned. |
2) | Any person who contravenes any provision of subsection (1) and, if such person is a company, any director or officer of such company who knowingly is a party to the contravention, shall be guilty of an offence. |