Section 79: Subscription of securities
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.
79. Subscription of securities
(1) No subscription for any securities offered to the public shall be effected unless—
(a) registration of the prospectus is granted;
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Securities Act
(b) the subscription is made on an application form for subscription
accompanying the prospectus; and
(c) the subscription is effected through a licensed investment dealer
who shall give a copy of the prospectus to each potential subscriber before subscription.
(2) The offer shall terminate on the date of closing indicated in the prospectus, which, subject to subsection (3), shall not be later than 60 days
from the date registration is granted.
(3) The Commission may, on application, grant an extension for a period
of 30 days for the offer to be terminated.
[S. 79 amended by s. 26 of Act 15 of 2007 w.e.f. 28 September 2007.]
Sub-Part D – Enforcement