Section 812 of The Companies Act No. 17 of 2015: Power of Attorney General to impose restrictions on securities

    

(1) On being satisfied, in relation to an investigation under either section 800 or 811, that there is difficulty in ascertaining the relevant facts about particular securities (whether issued or to be issued), the Attorney General may, by order, direct the securities to be subject to the restrictions imposed by Division 5.
(2) In making an order under subsection (1), the Attorney General may imposesuch conditions as the Attorney General considers appropriate.
(3) On being satisfied that an order made under subsection (1) could unfairly affect the rights of third parties in respect of securities, the Attorney General may, for the purpose of protecting those rights, direct that such acts by such persons or classes of persons, and for such purposes, as may be specified in the order, do not constitute a breach of the restrictions imposed by Division 5.


Disclaimer: This document is not to be taken as legal advise.

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