Companies Act, 1973 (Act No. 61 of 1973)Chapter VI: Offering of Shares and ProspectusProspectus150. Consent of person named as director |
No person shall be named as a director or proposed director of a company in any prospectus relating to shares of that company unless, at any time prior to the registration of such prospectus-
| a) | his written consent, in the prescribed form, to act as such director has been lodged with the company; and |
| b) | the return referred to in section 216(2) reflecting the relevant particulars in regard to such person, has been lodged with the Registrar. |