Pension Funds Act, 1956 (Act No 24 of 1956)RegulationsPart V : Signing of Documents |
| 18. | Rules |
Both copies of the rules of a fund which accompany the application for registration must be certified as follows on the first page or on the cover if the rules are in the form of a booklet:—
"Certified that these are the rules of the XYZ Pension Fund which will become effective on the date of registration/commencement* of the fund."
*Delete whichever not applicable.
If the applicant is the person managing the business of the fund the certificate is to be signed by the person for the time being at the head of the administering body and by one other member thereof. If the application is made on behalf of the participating employer the certificate must clearly indicate the capacity in which the applicant signed the document, e.g. as secretary of the company.
| 19. | [Regulation 19 replaced by Board Notice 77 dated 18 July 2014] |
| 20. | Other Documents |
Any document (excluding a letter) other than those referred to in regulations 18 and 19 must be signed on the first page thereof as prescribed in section twenty of the Act, namely—
| (a) | where the fund is administered by one individual, by— |
| (i) | such individual; and |
| (ii) | the principal officer; |
| (b) | where the fund is administered by a committee or trustees, by— |
| (i) | the person for the time being at the head of such committee or trustees; |
| (ii) | one other member of the committee or a trustee; and . |
| (iii) | the principal officer. |
In the case of (a) there must be two signatures by different individuals. In the case of (b) there must be three signatures but as the principal officer may be a member of the committee or a trustee it is possible that his may be two of the three signatures, i.e. at least two different individuals must sign the document.