Companies Act, 2008 (Act No. 71 of 2008)Chapter 8 : Regulatory Agencies and Administration of ActPart C : Takeover Regulation Panel201. Functions of Panel |
| (1) | The Panel is responsible to— |
| (a) | regulate affected transactions and offers to the extent provided for, and in accordance with, Parts B and C of Chapter 5 and the Takeover Regulations; |
| (b) | investigate complaints with respect to affected transactions and offers in accordance with Part D of Chapter 7; |
| (c) | apply for a court order to wind up a company, in the manner contemplated in section 81(1)(f); and |
| (d) | consult with the Minister in respect of additions, deletions or amendments to the Takeover Regulations. |
| (2) | The Panel may— |
| (a) | consult with any person at the request of any interested party with a view to advising on the application of a provision of Parts B and C of Chapter 5, or the Takeover Regulations; |
| (b) | issue, amend or withdraw information on current policy in regard to proposed affected transactions contemplated in Parts B and C of Chapter 5, to serve as guidelines for the benefit of persons concerned in such proposed transactions; |
| (c) | receive and deal with representations relating to any matter with which it may deal in terms of this Act; and |
| (d) | perform any other function assigned to it by legislation. |
| (3) | In exercising its powers and performing its functions the Panel must not express any view or opinion on the commercial advantages or disadvantages of any transaction or proposed transaction. |