The applicant applies to the Companies Tribunal in terms of section 72(5)(b) of the Companies Act 71 of 2008 (“Act” / “Companies Act”) and regulation 43(2)(b) of the regulations in terms of the Companies Act (GNR 351 of 26 April 2011) (“Companies Act regulations” / “regulation/s”) for an exemption from appointing a Social and Ethics Committee (“SEC”).
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