Maintenance Act, 1998
R 385
Companies Act, 2008 (Act No. 71 of 2008)Chapter 4 : Public Offerings of Company Securities103. Variation of agreement mentioned in prospectus |
| (1) | Subject to subsection (2), within one year after the date of filing a prospectus, a company must not vary or agree to vary any material terms of an agreement referred to in the prospectus, other than in the ordinary course of business. |
| (2) | A variation in the terms of an agreement, as contemplated in subsection (1), may be made or agreed by a company only if— |
| (a) | the variation was contemplated and set out in the prospectus; or |
| (b) | the specific terms of the variation are authorised or ratified by an ordinary resolution adopted at a general shareholders meeting. |
