Section 1020 of The Companies Act No. 17 of 2015: Meaning of “associate” for purposes of section 1034

(1) This section defines “associate” for the purposes of section 1019.
(2) In relation to a natural person, "associate" means—
(a) that person's spouse or minor child or step-child; (b) any body corporate of which that person is a director; and (c) any employee or partner of that person.
(3) In relation to a body corporate, "associate" means— (a) any body corporate of which that body is a director;
(b) any body corporate in the same group as that body; and
(c) any employee or partner of that body or of any body corporate in the same group.
(4) In relation to a partnership that is a legal person under the law by which itis governed, "associate" means—
(a) any body corporate of which that partnership is a director;
(b) any employee of or partner in that partnership; and
(c) any person who is an associate of a partner in that partnership.
(5) In relation to a partnership that is not a legal person under the law by which it is governed, "associate" means any person who is an associate of any of the partners.
(6) In this section, in relation to a limited liability partnership, "member" is to be substituted for "director".

Disclaimer: This document is not to be taken as legal advice.
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