Section 1017 of The Companies Act No. 17 of 2015: Part XLI: Application and interpretation of valuation requirements

(1) Sections 1018 to 1021 apply to the valuation and report required by sections73, 368 and 374.
(2) A person is a qualified valuer for the purposes of this Part and the sectionsreferred in subsection (1) only if the person—
(a) is eligible for appointment as a statutory auditor; and
(b) satisfies the independence requirement specified in section 1019.

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

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Section 1018 - Valuation to be carried out only by qualified valuer
(1) Except as provided by subsection (2), a valuation and report made for the purpose of sections 73, 368 or 374 can be made only by a qualified valuer. (2) If it appears to the valuer to be...
Section 1019 - Valuer to satisfy independence requirement
(1) A person satisfies the independence requirement for the purposes of section 1017 only if— (a) the person is not— (i) an officer or employee of the company; or (ii) a partner or employee of...
Section 1020 - Meaning of “associate” for purposes of section 1034
(1) This section defines “associate” for the purposes of section 1019. (2) In relation to a natural person, "associate" means— (a) that person's spouse or minor child or step-child; (b) any body...
Section 1021 - Valuer entitled to full disclosure
(1) A person who is carrying out a valuation or making a report with respect to consideration proposed to be accepted or given by a company is entitled to require from the officers of the company such...
Section 1022 - Power of Cabinet Secretary to make regulations for purposes of this Act
(1) The Cabinet Secretary may make general companies regulations prescribing matters— (a) required or permitted by this Act to be prescribed by regulations; or (b) necessary or convenient to be...
Section 1023 - Repeals and revocation
(1) The provisions of the Companies Act are repealed on such date or such different dates as the Cabinet Secretary may appoint by notice published in the Gazette. (2) When bringing provisions of this...
Section 1024 - Continuity of the law
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Section 1025 - Sixth Schedule: savings and transitional provisions
The savings and transitional provisions in the Sixth Schedule have effect.
Section 1026 - Power to make savings and transitional regulations
(1) The Cabinet Secretary may make regulations, not inconsistent with the provisions in the Sixth Schedule, containing provisions of a savings or transitional nature relating to the transition from...