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Section 108:

Companies Act · PART IX: SHAREHOLDERS AND THEIR RIGHTS AND OBLIGATIONS

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

108. Shareholder may require company to purchase shares A shareholder may require a company to purchase his shares where— (a) a special resolution is passed under— (i) section 105 (1) (a) for the purposes of altering the constitution of a company with a view to imposing or removing a restriction on the business or activities of the company; or (ii) section 150 (1) (c) or (d); and (b) the shareholder— (i) cast all the votes, attached to shares registered in his name and for which he is the beneficial owner, against the resolution; or (ii) where the resolution to exercise the power was passed under section 117, did not sign the resolution. [S. 108 amended by s. 7 (d) of Act 14 of 2009 w.e.f. 30 July 2009.]

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