Conditions of registration declaration
18 Conditions of registration declaration
A PDF’s registration declaration is subject to the following conditions:
a condition that the following be complied with by, and in relation to, the PDF:
this Act;
any direction given, or requirement made, by the Board under this Act;
any condition to which an approval given, or determination made, by the Board under this Act is subject;
a condition that the PDF’s constitution:
satisfies the PDF constitution requirements; and
be complied with in so far as it prohibits as mentioned in subsection 4(3);
a condition that the PDF not reduce its share capital, or buy shares in itself, within 2 years after becoming a PDF or merging with another PDF as mentioned in section 32A.
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