Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Competition Act, 1998 (Act No. 89 of 1998)RegulationsBlock Exemption Regulations for Small, Micro and Medium-Sized Businesses, 202410 - 14. Prior approval by the Commission |
| 10. | SMMEs that wish to enter into agreements or engage in practices covered by the exemption contained in these Regulations must apply in writing to the Commission for approval of the agreement or practice before implementation. |
| 11. | The Commission may: |
| 11.1. | grant approval in writing if the agreement or practice falls within the scope of these Regulations with or without conditions necessary to ensure that the collaboration among SMMEs is limited to the agreements or practices contemplated in regulation 9; and |
| 11.2. | decline approval in writing if the agreement or practice does not fall within the scope of these Regulations. |
| 12. | No agreement or practice contemplated in these Regulations may be implemented unless approved by the Commission in terms of sub-regulation 11. |
| 13. | The Commission must make the decision contemplated in regulation 11 within 30 business days of receipt of the application for approval of the agreement or practice. |
| 14. | If the Commission has not made a decision within the period contemplated in regulation 13, the application shall be regarded as having been approved. |
