Special Investigating Units and Special Tribunals Act, 1996
R 385
Companies Act, 2008 (Act No. 71 of 2008)RegulationsCompanies Regulations, 2011Chapter 5 : Fundamental Transactions and Takeover RegulationsPart A : Interpretation and Application85. Change in control |
| (1) | If a change in control takes place in a pyramid or intermediate pyramid, the offeror must make an offer or offers to— |
| (a) | holders of securities of the pyramid or intermediate pyramid, if any is a regulated company; and |
| (b) | holders of securities of the controlled company, excluding securities held by the pyramid or intermediate pyramid. |
| (2) | The principles governing mandatory offers and comparable offers apply to offers required by this regulation. |
