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Variable Capital Companies Act 2018

(No. 44 of 2018)

Status:

Published in Acts Supplement
on 12 Nov 2018

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Table Of Contents

Variable Capital Companies Act 2018

Status:

Published in Acts Supplement
on 12 Nov 2018

Please check the legislation timeline to ensure that you are viewing the correct legislation version. See also FAQ B3.

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Timeline

Document
Provision

Versions

or

find current version as at

02 Jan 2021

Amended by
Act 40 of 2019
15 Jan 2020

Amended by
Act 28 of 2019
14 Jan 2020

Act 44 of 2018

Table of Contents

Variable Capital Companies Act 2018
(No. 44 of 2018)
Long Title
Enacting Formula
Part 1 PRELIMINARY
Part 2 ADMINISTRATION OF ACT
Part 3 CONSTITUTION OF VCC
Part 4 SUB-FUNDS
Part 5 SHARES, DEBENTURES AND CHARGES
Division 1 — Shares
Division 2 — Debentures
- 37 Application of provisions of Division 5 of Part IV of Companies Act
Division 3 — Title and Transfer of Shares and Debentures
Division 4 — Charges
- 42 Registration of charges
- 43 Duty of VCC to register charges existing on property acquired
Part 6 MANAGEMENT AND ADMINISTRATION
Division 1 — Preliminary
- 44 Interpretation of this Part
Division 2 — Office and Name
- 45 Registered office, office hours, and publication of name and registration number
Division 3 — Managers
- 46 Manager
- 47 Restrictions on naming of manager in document or register
Division 4 — Directors and Secretaries
Subdivision 1 Preliminary provisions
Subdivision 2 Qualifications and disqualifications of directors and officers
Subdivision 3 Duties and powers of directors, etc.
Subdivision 4 Secretaries
- 69 Secretary
Division 5 — Provisions Applicable to Officers
Division 6 — Meetings and Proceedings
Division 7 — Register of Members
- 81 Register of members
- 82 Inspection of register
Part 7 INTERNATIONAL OBLIGATIONS AND PREVENTION OF MONEY LAUNDERING, TERRORISM FINANCING AND OTHER OFFENCES
Division 1 — Directions and Regulations to Implement International Obligations and Prevent Money Laundering and Terrorism
Division 2 — Assistance to Foreign Authorities and Domestic Authorities
Division 3 — Miscellaneous Provisions
Part 8 ANNUAL RETURN, FINANCIAL STATEMENTS AND AUDIT
Division 1 — Interpretation
- 96 Interpretation of this Part
Division 2 — Annual Return
- 97 Annual return
Division 3 — Financial Statements
Division 4 — Audit
Part 9 INVESTIGATIONS
Part 10 RECEIVERS AND MANAGERS
Part 11 WINDING UP
- 129 Disqualification of liquidators
- 130 Application of Part X of Companies Act
Part 12 TRANSFER OF REGISTRATION
Part 13 GENERAL PROVISIONS
Division 1 — Remedies of Members and Debenture Holders for Oppression, etc.
- 142 Personal remedies in cases of oppression or injustice, and derivative or representative action
Division 2 — Offences
Division 3 — Other General Provisions
FIRST SCHEDULE Modifications of Part X of Companies Act in its application to winding up of a sub-fund of an umbrella VCC
SECOND SCHEDULE Content of Directors’ statement
THIRD SCHEDULE Provisions for Application of section 162

Whole Document

Variable Capital Companies Act 2018

Status:

Published in Acts Supplement on 12 Nov 2018

Timeline

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Document
Provision

14 Jan 2020

Act 44 of 2018
15 Jan 2020

Amended by
Act 28 of 2019
02 Jan 2021

Amended by
Act 40 of 2019

Versions

or find current version as at

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Last updated on 25 Jan 2021