Section 161 of The Companies Act No. 17 of 2015: Exception for transactions on recognised investment exchange
(1) An approval is not required to be obtained under section 158 for atransaction on an approved securities exchange that is effected by a director, or a person connected with the director, through the agency of a person who, in relation to the transaction, acts as an independent broker.
(2) For the purposes of this section, "independent broker" means a person who, independently of the director or any person connected with the director, selects the person with whom the transaction is to be effected.
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