Hello ,
On death of Mrs - X ,her share transferred to her family trust ( x family trust ) and since trust can not be a member the holding is in name of one trustee who is her son.transfer was of more than 15 %.and old takeover code-SAST-1997 was applicable at that time
please suggest
1) whether this falls under regulation 3 (1) (g) of SAST regulation 1997.?
2) any disclosure under regulation 7 and regulation 3(4) of Takevercode- 1997 or any other dicclosure etc are required ???
3) whole takeover code is not applicbale to transmission ??
Transmission under takeover code -1997
Mrs.n (CS, LL.B ) (407 Points)
23 January 2014