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Directive on Interpretation of Section 61(7) of the Companies ACT Regarding NON-Profit Companies

We were requested to prepare a memorandum setting out the alternative interpretative methods in relation to section 61(7) of the Companies Act. The two proponents are Dr Mohamed Alli Chicktay and Brian Jennings, with Minah Tong-Mongalo as independent (having not yet rendered a decision in this regard).

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