Companies Act, 1973 (Act No. 61 of 1973)

Chapter II: Administration of Act

Standing Advisory Committee

18. Standing Advisory Committee
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1)
a)The Minister shall appoint a standing advisory committee on company law consisting of a judge, a retired judge or a senior advocate of the High Court of South Africa as chairman, and such ex officio and other members as he may from time to time determine: Provided that the Minister shall consult the Minister of Justice before he so appoints a judge or retired judge.
b)A member of the standing advisory committee shall hold office for such period as the Minister may direct and shall be eligible for reappointment upon the expiration of the period of his office.

 

2)The standing advisory committee shall as to witnesses and their evidence have the powers of a commission duly appointed under the Commissions Act, 1947 (Act No. 8 of 1947).

 

3)The standing advisory committee may from time to time make recommendations to the Minister in regard to any amendments to this Act, which may appear to it to be advisable and shall advise the Minister on any matter referred to it by the Minister.

 

4)
a)The standing advisory committee shall constitute and maintain at all times such standing sub-committees on accounting, legal and other practices as the Minister may from time to time determine.
b)The standing advisory committee shall appoint as members of the standing sub-committees such of its members and such other persons and for such periods of office, as it may from time to time determine.

 

5)The standing advisory committee may call to its assistance such person or persons as it may deem necessary to assist it or to investigate matters relating to company law.

 

6)The Registrar shall be responsible for the administration of the standing advisory committee and the standing sub-committees.