COMPANIES (ACQUISITION OF SHARES) ACT 1980 No. 64 of 1980 - SECT 57
Power to exempt from compliance with Act
COMPANIES (ACQUISITION OF SHARES) ACT 1980 No. 64 of 1980 - SECT 57
Power to exempt from compliance with Act
57. (1) The Commission may, by instrument in writing, exempt a person, as
specified in the instrument and subject to such conditions (if any) as are
specified in the instrument, from compliance with all or any of the
requirements of this Act.
(2) A copy of an instrument executed under this section shall be published in
the Gazette.
(3) A person who is exempted by the Commission, subject to a condition, from
compliance with a requirement of this Act shall not contravene or fail to
comply with the condition.
(4) Where a person has contravened or failed to comply with a condition to
which an exemption under this section is subject the Court may, on the
application of the Commission, order the person to comply with the condition.