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Posted on 5 Jun 2017
Case number: CT005MAR2014
Case type: Exemptions
Decisions Status: Granted

Mount Edgecombe Country Club Estate Management Association II (RF) NPC or as colloquially referred to by the chairperson of its board of directors David Granville Buxton, MECCEMA TWO, is evidently a non-profit company established in 1995 with a limited purpose “To maintain, control, administer and manage the Mount Edgecombe Country Club Estate 2 development… and to provide security to such residential development”. It has 887 members, who are owners of the completed homes and therefore with a public interest score of over 500 points. It is therefore, required to appoint a social and ethics committee(a SEC) in terms of regulation 43, read together with regulation 26(2)(d)(ii) of the Companies Regulations, 2011 (the Regulations). Regulation 43 gives effect to section 72(5) of the Companies Act 71 of 2008 (the Act).

Decisions and Orders

Date of Decision: 8 May 2014

Decisions Status: Granted

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