Statistics Act, 1999
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 12A : Resolution of Designated InstitutionsPart 6 : Corporation for Deposit Insurance - establishment, functions and governance166AR. Share capital |
| (1) | The share capital of the Corporation is R1 000 000, but may be increased by the Board at any time. |
| (2) | Only the Reserve Bank and the Republic may hold a share of the Corporation. |
| (3) | The liability of the Reserve Bank as holder of a share in the Corporation is limited to the amount unpaid in respect of the share. |
[Section 166AR inserted by section 51 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 24 March 2023 per (a) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]
