All sections · Part VII: Directors · Sub-Part I: Management of companies
132 délégation de pouvoirs
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) Sous réserve des limitations prévues par l'acte constitutif ou les statuts de la société, le conseil d'administration d'une société peut déléguer un ou plusieurs de ses pouvoirs à un comité d'administrateurs, à un administrateur ou à un employé de la société, ou à toute autre personne, sauf que les administrateurs ne sont pas habilités à déléguer les pouvoirs suivants - à savoir
(a) autoriser les distributions par la société, y compris la détermination en vertu de l'article 70(1) ou 71(1) que la société satisfait au test de solvabilité immédiatement après une distribution proposée ;
(b) de modifier l'acte constitutif ou les statuts de l'association ; (c) de nommer des comités d'administrateurs ;
(d) déléguer des pouvoirs à un comité d'administrateurs ; (e) nommer ou révoquer des administrateurs ;
(f) nommer ou révoquer un représentant ;
(g) d'approuver tout plan ou toute fusion, consolidation ou arrangement ; ou
(h) l'approbation de la dissolution volontaire de la société dans le cadre de
(2) Le conseil qui délègue un pouvoir en vertu du paragraphe (1) est responsable de l'exercice de ce pouvoir par le délégataire comme s'il l'avait exercé lui-même, à moins que le conseil, à la fois
(a) à tout moment avant l'exercice du pouvoir, que le délégué exercerait le pouvoir conformément aux devoirs imposés aux administrateurs de la Société par la présente Loi et le Mémorandum et les Statuts de la Société est cru sur des bases raisonnables ; et
b) contrôlé l'exercice de l'autorité du délégué par des méthodes appropriées correctement appliquées.
Sous-section II - Nomination, révocation et démission des administrateurs
(a) autoriser les distributions par la société, y compris la détermination en vertu de l'article 70(1) ou 71(1) que la société satisfait au test de solvabilité immédiatement après une distribution proposée ;
(b) de modifier l'acte constitutif ou les statuts de l'association ; (c) de nommer des comités d'administrateurs ;
(d) déléguer des pouvoirs à un comité d'administrateurs ; (e) nommer ou révoquer des administrateurs ;
(f) nommer ou révoquer un représentant ;
(g) d'approuver tout plan ou toute fusion, consolidation ou arrangement ; ou
(h) l'approbation de la dissolution volontaire de la société dans le cadre de
(2) Le conseil qui délègue un pouvoir en vertu du paragraphe (1) est responsable de l'exercice de ce pouvoir par le délégataire comme s'il l'avait exercé lui-même, à moins que le conseil, à la fois
(a) à tout moment avant l'exercice du pouvoir, que le délégué exercerait le pouvoir conformément aux devoirs imposés aux administrateurs de la Société par la présente Loi et le Mémorandum et les Statuts de la Société est cru sur des bases raisonnables ; et
b) contrôlé l'exercice de l'autorité du délégué par des méthodes appropriées correctement appliquées.
Sous-section II - Nomination, révocation et démission des administrateurs
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Delegation of powers
(1) Subject to any restrictions in the memorandum or articles of the company,
the board of a company may delegate to a committee of directors, a
director or employee of the company, or to any other person, any one or
more of its powers, except that the directors have no power to delegate
the following powers —
(a) to approve distributions by the company, including to make a
determination under section 70(1) or 71(1) that the company will,
immediately after a proposed distribution, satisfy the solvency
test;
(b) to amend the memorandum or articles;
(c) to designate committees of directors;
(d) to delegate powers to a committee of directors;
(e) to appoint or remove directors;
(f) to appoint or remove an agent;
(g) to approve a plan or merger, consolidation or arrangement; or
(h) to approve the company‘s voluntary winding up under Sub-Part
II or Sub-Part III of Part XVII.
(2) A board that delegates a power under subsection (1) is responsible for the
exercise of the power by the delegate as if the power had been exercised
by the board, unless the board —
(a) believed on reasonable grounds at all times before the exercise of
the power that the delegate would exercise the power in
conformity with the duties imposed on directors of the company
by this Act and the company‘s memorandum and articles; and
(b) has monitored, by means of reasonable methods properly used,
the exercise of the power by the delegate.
the board of a company may delegate to a committee of directors, a
director or employee of the company, or to any other person, any one or
more of its powers, except that the directors have no power to delegate
the following powers —
(a) to approve distributions by the company, including to make a
determination under section 70(1) or 71(1) that the company will,
immediately after a proposed distribution, satisfy the solvency
test;
(b) to amend the memorandum or articles;
(c) to designate committees of directors;
(d) to delegate powers to a committee of directors;
(e) to appoint or remove directors;
(f) to appoint or remove an agent;
(g) to approve a plan or merger, consolidation or arrangement; or
(h) to approve the company‘s voluntary winding up under Sub-Part
II or Sub-Part III of Part XVII.
(2) A board that delegates a power under subsection (1) is responsible for the
exercise of the power by the delegate as if the power had been exercised
by the board, unless the board —
(a) believed on reasonable grounds at all times before the exercise of
the power that the delegate would exercise the power in
conformity with the duties imposed on directors of the company
by this Act and the company‘s memorandum and articles; and
(b) has monitored, by means of reasonable methods properly used,
the exercise of the power by the delegate.
Amended since 2016
Act 32 of 2021 · 2021-08-02
22. The principal Act is amended, by repealing section 132, and
substituting therefor the following section —
Committee of directors
“132.(1) Subject to the memorandum and articles of the
company and to subsection (2), the directors may —
(a) designate one or more committees of directors,
each consisting of one or more directors; and
(b) delegate to the committee one or more of their
powers, including the power to affix the
common seal of the company.
(2) Notwithstanding anything in the memorandum or
articles of the company, the directors shall not delegate to a
committee of directors any power to —
(a) amend the memorandum or articles, including
to change the registered agent or registered
office of the company;
(b) designate committees of directors;
(c) delegate powers to a committee of directors;
(d) appoint or remove directors;
(e) appoint or remove an agent;
(f) approve a plan or merger, consolidation or
arrangement;
(g) approve voluntary winding up of the company
under Sub-Part II or Sub-Part III of Part XVII; or
(h) approve distribution by the company, including
to make a determination under section 70(1) or
71(1) that the company will, immediately after a
proposed distribution, satisfy the solvency test.
(3) Subsection (2)(b) and (c) shall not prevent a
committee of directors, where authorised by the directors, from
appointing a sub-committee and delegating powers exercisable by
the committee to the sub-committee.
(4) The directors who delegate any power under
subsection (1) shall be responsible for the exercise of the power by
the committee as if the power had been exercised by the directors,
unless the directors prove that the exercise of power by the
committee was outside the scope of the delegated authority.”.
substituting therefor the following section —
Committee of directors
“132.(1) Subject to the memorandum and articles of the
company and to subsection (2), the directors may —
(a) designate one or more committees of directors,
each consisting of one or more directors; and
(b) delegate to the committee one or more of their
powers, including the power to affix the
common seal of the company.
(2) Notwithstanding anything in the memorandum or
articles of the company, the directors shall not delegate to a
committee of directors any power to —
(a) amend the memorandum or articles, including
to change the registered agent or registered
office of the company;
(b) designate committees of directors;
(c) delegate powers to a committee of directors;
(d) appoint or remove directors;
(e) appoint or remove an agent;
(f) approve a plan or merger, consolidation or
arrangement;
(g) approve voluntary winding up of the company
under Sub-Part II or Sub-Part III of Part XVII; or
(h) approve distribution by the company, including
to make a determination under section 70(1) or
71(1) that the company will, immediately after a
proposed distribution, satisfy the solvency test.
(3) Subsection (2)(b) and (c) shall not prevent a
committee of directors, where authorised by the directors, from
appointing a sub-committee and delegating powers exercisable by
the committee to the sub-committee.
(4) The directors who delegate any power under
subsection (1) shall be responsible for the exercise of the power by
the committee as if the power had been exercised by the directors,
unless the directors prove that the exercise of power by the
committee was outside the scope of the delegated authority.”.
