Special Investigating Units and Special Tribunals Act, 1996
R 385
Securities Transfer Tax Administration Act, 2007 (Act No.26 of 2007)Chapter 3 : General Provisions20. Offences |
In addition to the offences contained in sections 235 and 236 of the Tax Administration Act, 2011, any person who acquires an unlisted security and fails to inform the company of the transfer within the period referred to in section 2, is guilty of an offence and liable on conviction to a fine or to imprisonment for a period not exceeding two years.
[Section 20 substituted by section 271 (Item 178 of Schedule 1) of Act No. 28 of 2011]
