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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

31. Notice of prior shareholders

 

When any share has been so forfeited, notice of the resolution shall be given to the person in whose name the shares stood prior to the forfeiture and an entry of the forfeiture with the date thereof shall forthwith be made in the register.