Share Blocks Control Act, 1980 (Act No. 59 of 1980)

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Introduction

1. Definitions

2. Exemption from provisions of Act and from payment of fees

3. Application of certain laws in respect of share block company

4. Presumption as to operation of share block scheme by company

5. Restrictions on operation of share block scheme

5A. Restriction on receipt of consideration in respect of shares

6. Registrar responsible for administration of Act

7. Main object of share block company and use agreement

8. Capacity and powers of share block company

8A. Duties of share block developer in connection with

9. Provisions as to name of share block company

10. Rights attaching to shares of share block company

11. Offer of shares for sale

11A. Furnishing of information regarding share block schemes to

11B. Sale of shares conferring right to or interest in use of parts

12. Directors of share block company

13. Establishment of levy fund by share block company

14. Loan obligation of share block company

15. Trust account of and investment of trust moneys by share block company

16. Formalities in respect of contract relating to a share and a use agreement

17. Contents of contract relating to share

18. Consequences of non-compliance with formalities

19. Insurance of immovable property of share block company

20. Regulations

21. Offences and penalties

22. Waiver of rights

23. Repealed

24. Short title and commencement