Section 18: Power of Commission in respect of guarantee
consolidated text (as at 2013, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18. Power of Commission in respect of guarantee
Where the liabilities of a protected cell company exceed its assets, the
Commission may require the company to furnish such guarantees, including
policies of insurance, which are in an acceptable form, to the shareholders of
each of its cells.
[S. 18 amended by s. 46 (8) (e) of Act 13 of 2001 w.e.f. 1 December 2001.]
PART IV – ADMINISTRATION ORDER