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Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Forfeiture of shares

27. Form of notice

 

The notice shall name a further day [being not earlier than the expiration of fourteen (14) days from the date of the notice] on or before which the payment required by the notice is to be made, and shall state that in the event of non-payment at or before the time appointed the shares in respect of which the call was made will be liable to be forfeited.