Chapter 8: Regulatory Agencies and Administration of Act
Part C: Takeover Regulation Panel

s201: Functions of Panel

  • (1) The Panel is responsible to:
    • (a) regulate affected transactions and offers to the extent provided for, and in accordance with, Parts B and C of Chapter 5 and the Takeover Regulations;
      • (b) investigate complaints with respect to affected transactions and offers in accordance with Part D of Chapter 7;
        • (c) apply for a court order to wind up a company, in the manner contemplated in section 81(1)(f); and
          • (d) consult with the Minister in respect of additions, deletions or amendments to the Takeover Regulations.
          • (2) The Panel may:
            • (a) consult with any person at the request of any interested party with a view to advising on the application of a provision of Parts B and C of Chapter 5, or the Takeover Regulations;
              • (b) issue, amend or withdraw information on current policy in regard to proposed affected transactions contemplated in Parts B and C of Chapter 5, to serve as guidelines for the benefit of persons concerned in such proposed transactions;
                • (c) receive and deal with representations relating to any matter with which it may deal in terms of this Act; and
                  • (d) perform any other function assigned to it by legislation.
                  • (3) In exercising its powers and performing its functions the Panel must not express any view or opinion on the commercial advantages or disadvantages of any transaction or proposed transaction.

                    Related Sections

                    s81: Winding-up of solvent companies by court order

                    Related Regulations

                    R4: Issuing of Guidelines and Practice Notes

                    Related Notes

                    Practice Note 1 of 2011: Companies and close corporations - postal and physical address requirements
                    Practice Note 2 of 2011: Companies and close corporations - Deregistration and re-instatement procedure
                    Practice Note 3 of 2011: Companies and close corporations - Procedure for approval for distribution of commission forms
                    Practice Note 4 of 2011: Companies Act, 2008 - Detail of incorporations on local companies
                    Practice Note 5 of 2011: Companies Act, 2008 - Detail of directors to be provided on CoR14.1
                    Practice Note 6 of 2011: Companies Act, 2008 - Detail required for registration of external companies
                    Practice Note 7:
                    Practice Note 8:
                    Practice Note 9 of 2011: Use of customer codes on CoR14.1, CoR15.2, CK1 and CK2
                    Guidance Note 1 of 2012: Change of financial year end
                    Practice Note 1 of 2012:
                    Practice Note 2 of 2012:

                    Related Forms

                    No related forms.