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Formal Consolidation | 1992 RevEd
Change in composition of board of directors, members, etc.
22.—(1) Any licensed corporation shall, within 30 days of the occurrence of —
(a)
any alteration of its memorandum or articles of association to remove the restrictions, limitations or prohibitions of the kind specified in section 20(1), (2) or (4), whichever is applicable; or
(b)
any change in the composition of its board of directors, members or shareholders,
furnish the Board a true report in writing giving full particulars of the alteration or change.
(2) Any licensed partnership shall, within 30 days of the occurrence of any change in the composition of its members, furnish the Board a true report in writing giving full particulars of the change.
Informal Consolidation | Amended Act 27 of 2005
Change in composition of board of directors, members, etc.
22.—(1) Any licensed corporation shall, within 30 days of the occurrence of —
(a)
any alteration of its memorandum or articles of association to remove the restrictions, limitations or prohibitions of the kind specified in section 20(1), (2) or (4), whichever is applicable;
(b)
any change in the composition of its board of directors, members or shareholders; or
(c)
any revocation of any resolution passed by the board of directors under section 20(1)(e)(ii) or (2)(c)(iii),
[18/2003 wef 01/01/2004]
furnish the Board a true report in writing giving full particulars of the alteration or change.
(2) Any licensed partnership shall, within 30 days of the occurrence of any change in the composition of its members, furnish the Board a true report in writing giving full particulars of the change.
(3) Any licensed limited liability partnership shall, within 30 days of the occurrence of any change in the composition of its partners, furnish the Board a true report in writing giving full particulars of the change.