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act-99-1967.pdf | 54.55 KB |
99 of 1967
The Financial Institutions Amendment Act 99 of 1967 intends:
- to amend sections 19 and 22 of the Unit Trusts Control Act, 1947 [repealed in 1981], so as to abolish rounding-off accruals to the made-up prices of units and to limit the initial charges on the made-up prices of units;
- to amend section 28 of the Building Societies Act, 1965 [repealed in 1994], so as to make provision for extending the period after the expiry of which subscription shares shall mature; and
- to suspend section 36 (1) of the Building Societies Act, 1965 [repealed in 1994].
Commencement
30 June 1967