The applicant, Vineyard Road Investments (RF) Limited, seeks, in terms of this application, an exemption from the requirement to appoint a social and ethics committee as contemplated by section 72(4)1 of the Companies Act 71 of 2008 (the Companies Act). The application is actually premised on the provisions of section 72(5)(b) of the Companies Act, which section empowers this Tribunal to grant an exemption to a qualifying company based on the reasonable dictates of the public interest determined from the nature and extent of the activities of the particular company.
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