South African Reserve Bank Act, 1989 (Act No. 90 of 1989)RegulationsSouth African Reserve Bank Regulations, 2010Chapter III : General Meetings12. Notice of general meetings and special business |
| 12.1 | The Secretary shall give written notice of general meetings to shareholders and directors, stating— |
| (a) | the place, day and time of the meeting; |
| (b) | the business that shall be transacted; |
| (c) | the effect of and reason for any proposed resolution; |
| (d) | the shareholder's right to be represented at the meeting by proxy; |
| (e) | the number of vacancies on the Board that need to be filled by the election of directors at that meeting, and the categories of knowledge and skill described in section 4(3) of the Act, in which candidates need to be elected; |
| (f) | the name of any person appointed by the Board to fill a casual vacancy in terms of section 6(1)(b) of the Act, his or her category of knowledge and skill, and the fact that his or her appointment is subject to the approval of the shareholders at the meeting; and |
| (g) | the candidates confirmed by the Panel in terms of section 4 of the Act who are eligible for election into the positions described in items (e) and (f). |
| 12.2 | A notice required in terms of Regulation 12.1 shall be signed by the Secretary and delivered or posted at least 30 days before the meeting, to— |
| (a) | the shareholder's or director's address as recorded in the register; or |
| (b) | an address for electronic service. |
| 12.3 | A shareholder may by written notice to the Secretary place before a meeting any special business relating to items (a) to (c) of Regulation 7.3. |
| 12.4 | Written notice referred to in Regulation 12.3 must be given at least 16 days before the meeting and state full particulars of the special business and the effect of and reason for any proposed resolution. |
| 12.5 | The Secretary shall give notice to shareholders and directors of any special business in terms of Regulation 12.3 that will be placed before the meeting. |
| 12.6 | A notice required in terms of Regulation 12.5 shall be signed by the Secretary and delivered or posted at least 11 days before the meeting, to the shareholder's or director's— |
| (a) | address as recorded in the register; or |
| (b) | address for electronic service. |
| 12.7 | Notice is not required when an adjourned meeting is reconvened. |
| 12.8 | An accidental omission to give notice, and the failure in delivery of notice to shareholders or directors, shall not affect the validity of a meeting or of any resolution passed at the meeting. |