Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 139

139. (1) A person who ceases to be a substantial shareholder in a company
shall give to the company a notice in the prescribed form that-

   (a)  states-

        (i)    his name;

        (ii)   the date on which he ceased to be a substantial shareholder;
               and

        (iii)  the prescribed particulars of any contract, scheme or
               arrangement, or any other circumstances, by reason of which the
               person ceased to be a substantial shareholder; and

   (b)  is accompanied by the prescribed documents.

(2) A person required to give a notice under sub-section (1) shall give the
notice within 2 business days after he becomes aware that he or an associate
has ceased to have a relevant interest or relevant interests in a share or
shares in a company to the extent necessary to make him a substantial
shareholder in the company.