Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)NoticesDetermination of Matters in Terms of the Collective Investment Schemes Control Act, 200215. Resolution authorising conversion |
A resolution by investors authorising a conversion of a collective investment scheme, as required by sections 77 and 80(1) of the Act, must be obtained in the following manner:
| a) | Every investor may vote in respect of each participatory interest held by him or her. |
| b) | An investor or his or her authorised representative may exercise his or her voting rights as aforesaid, but is not obliged to exercise all his or her votes or exercise all the votes he or she is entitled to in the same way. |