Banks Act, 1990 (Act No. 94 of 1990)Chapter IV Shareholding in, and Registration of Controlling Companies in respect of, Banks43. Application for registration as controlling company |
| (1) | Subject to section 42, a public company— |
| (a) | that intends to exercise control over any bank; or |
| (b) | which is a controlling company, as defined in section 1 of the Companies Act, in respect of any other public company which has applied in terms of section 16 for registration as a bank, |
[Section 43(1)(b) substituted by section 19 of Act No. 22 of 2013]
shall apply to the Authority on the form prescribed for registration as a controlling company in respect of that bank or proposed bank, as the case may be.
[Section 42(1) substituted by section 10 of Act No. 20 of 2007]
| (2) | An application referred to in subsection (1) shall be accompanied by such information and documents as may be prescribed. |
| (3) | A public company applying in terms of subsection (1) for registration as a controlling company shall submit such additional particulars in connection with its application as the Authority may require. |