South African Reserve Bank Act, 1989 (Act No. 90 of 1989)23. Votes |
| (1) | Subject to the provisions of subsections (2) and (3), a shareholder shall, at a meeting of shareholders, be entitled to one vote in respect of every 200 shares of which he has been the registered holder for not less than six months prior to the date of the meeting. |
| (2) | No shareholder, or his, her or its associates, referred to in subsection (2), (6) or (2A) of section 22 shall either directly or indirectly exercise any vote as a shareholder in respect of the number of shares in the Bank held by him, her or it, either alone, or in aggregate with his, her or its associates, in excess of 10 000, and no group of companies with interlocking directorates shall either directly or indirectly exercise any vote as shareholders in respect of the total number of shares in the Bank held by those companies in excess of 10 000. |
[Section 23(2) amended by section 8 of the South African Reserve Bank Amendment Act, 2010]
| (3) | A shareholder who is not ordinarily resident in the Republic shall not be entitled to any vote at any meeting of shareholders. |