Application for an exemption from the requirement to appoint a social and ethics committee (SEC), based on sections 72(5)(a) and 72(5)(b) of the Companies Act, 2008 (Act No. 71 of 2008) – it is not reasonably necessary in the public interest to require the company to have a social and ethics committee, having regard to the nature and extent of the activities of the company – no sufficient information provided to support the application for exemption – Held: application for condonation granted – exemption granted for a period of five (5) years.
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