COMPANIES ACT AND HOA POWER TO LIMIT PROXIES
Venter NO and Another v Silver Lakes Homeowners Association NPC (444994/2016)  ZAGPPHC 11 (20 January 2017)
The Companies Act allows members of a company to make use of proxies, without limitation on the amount of proxies one person can hold but subject to the provisions in the company’s MoI. The related question that arose for determination in this case was whether it was competent for the board of directors of a homeowners’ association – by adopting a new rule – to limit the amount of allowed proxies.
STBB’S STSMA REFERENCE GUIDE
In this, the tenth set of notes for your STSMA Reference Guide, the details of section 11 of the Act are provided. The effect of participation quotas and changes thereto is covered.
Section 11 of the Act – Effect of participation quotas and changes thereto
(N.B. Print in landscape)