Companies Act, 1973 (Act No. 61 of 1973)Chapter XVB: Financial reporting standards440Z. Officers and meetings of Panel |
1) | The Panel shall- |
a) | determine the procedures to be followed at its meetings; |
b) | determine the procedures to be followed by an investigation committee;- |
c) | meet at least twice a year on dates set by the chairperson, |
2) | The procedures determined under subsection (1)( b) shall be in accordance with the Promotion of Administrative Justice Act, 2000 (Act No. 3 of 2000). |
3) | Each member present at a meeting of the Panel shall have one vote and the decision of a majority of the members at any meeting of the Panel where at least two thirds of the members are present, constitutes a decision of the Panel. |