Examples of Share Blocks Act in a sentence
An auditor shall be appointed as required in terms of the provisions of the Share Blocks Act.
It is recorded that substantially the whole of the Company‟s funding shall be derived from Member levies contribution in accordance with the provisions of Section 13 of the Share Blocks Act and the Use Agreement, the levies being currently exempt from taxation in terms of Section 10(1)(e) of the Income Tax Act.
THE COMMITTEE NOTED THE CONTENT OF THE PRESENTATION AND ASKED THAT THE WINTER PLAN BE CIRCULATED TO THE COMMITTEE NEXT WEEK 104.
The parties agree that if any provision of this Agreement is in conflict with any of the provisions of the Share Blocks Act or the Time Sharing Act or unenforceable for any other reason whatsoever, such provision shall be regarded as pro non scripto and of no force and effect: consequently such provision shall be deemed to be separate and severable from this Agreement without in any way affecting the validity of the remaining provisions of this Agreement.
The Developer as holder of such share blocks will not be obliged to contribute to the levy fund referred to in Section 13 of the Share Blocks Act in respect thereof.
The SVBGSA is not aware of any current water rights litigation or water rights enforcement acts along the Salinas River in the Subbasin.
The Company shall keep a copy of every signed Use Agreement and any amendment thereof in accordance with the provisions of the Share Blocks Act.
It is recorded that substantially the whole of the Company’s funding shall be derived from Shareholders' levies contribution in accordance with the provisions of Section 13 of the Share Blocks Act and the applicable provisions of the Use Agreements concluded between the Company and the Shareholders from time to time, the levies being currently exempt from taxation in terms of Section 10(1)(e) of the Income Tax Act.
The main purpose and object of the Company is to operate a share block scheme in respect of the Property in accordance with the Share Blocks Act and the Time-sharing Act entitling a Shareholder to use specified parts of the Property in accordance with the Use Agreement entered into between each Shareholder and the Company from time to time.
The Directors shall ensure that they comply with Section 19 (1) of the Share Blocks Act.