Companies Act, 2008 (Act No. 71 of 2008)RegulationsCompanies Regulations, 2011Chapter 8 : Regulatory Agencies and AdministrationPart A : Regulatory Agency Offices and Functions174. Content and standards for Commission registers |
(1) | A regulatory agency must keep any register required in terms of the Act in an official language of the Republic, in a manner sufficient to provide an adequate information base to— |
(a) | enable the regulatory agency to satisfy all reporting requirements applicable to it, in terms of the Act or any other applicable law; |
(b) | provide simple and efficient access to the public to information required to exercise any right in terms of the Act, or any other applicable law. |
(2) | The registers required to be kept by the Act must be kept in such a manner as— |
(a) | to provide adequate precautions against— |
(i) | theft, loss or intentional or accidental damage or destruction; and |
(ii) | falsification; and |
(b) | to facilitate the discovery and correction of any error or falsification. |
(3) | If a regulatory agency keeps any register partially or completely in electronic form, the regulatory agency must— |
(a) | provide adequate precautions against loss of the records as a result of damage to, or failure of, the media on which the records are kept; and |
(b) | ensure that information in the register is capable of being retrieved to a readable and printable form, including by converting the records from legacy to later storage media, or software, to the extent necessary from time to time. |
(4) | Each regulatory agency may determine the specific form of any register, and the particular manner in which information is recorded in or compiled from any register. |