ARRANGEMENT OF SECTIONS
1. Short title
Registration, conversion and financial interest
3. Registration and continuation of Botswana Telecommunications Corporation
4. Conversion of financial interest
5. Appointment of office holders
6. Employee Scheme
7. Tax exemptions
9. Borrowing powers
10. Accounts and audit
11. Savings and Transitional
12. Reference to certain terms
13. Repeal of Cap. 72:02
Act 3, 1980,
S.I. 46, 1980,
Act 16, 1996,
Act 28, 2008.
An Act to provide for the registration of Botswana Telecommunications Corporation under the Companies Act; for its continued existence as if it had been incorporated under that Act, and for matters incidental thereto.
[Date of Commencement: 31st December, 2008]
Preliminary (ss 1-2)
This Act may be cited as the Botswana Telecommunications Corporation (Transition) Act.
In this Act, unless the context otherwise requires-
"Authority" means the Botswana Telecommunications Authority, established under the Telecommunications Act;
"board" means the board of Directors of the Company established under section 5;
"Company" means Botswana Telecommunications Corporation, as continued under section 3;
"conversion date" means the date on which Botswana Telecommunications Corporation is registered as a company;
"Corporation" means the Botswana Telecommunications Corporation established under the Botswana Telecommunications Corporation Act;
"Employee Scheme" means an employee benefit scheme to be established by the Company for the purpose of offering participation in that scheme to employees of the Company and to employees of the Company's subsidiaries;
"existing licence" means the telecommunication service and telecommunication system licence issued to the Corporation by the Authority in terms of sections 27 and 28 of the Telecommunications Act;
"Investment Fund" means a company established by the Government for the purpose of holding assets from or in respect of, privatised public enterprises, with the object of the economic empowerment of citizens of Botswana;
"licensed service" means the telecommunication service which the Corporation is authorised to provide by and under the existing licence, as well as any other telecommunication service that the Corporation may be authorised to provide by virtue of a licence issued to it by the Authority in terms of the Telecommunications Act;
"Pension Fund" means the Botswana Telecommunications Corporation Staff Pension Fund which is a defined contribution fund;
"Registrar" means the Registrar of Companies appointed under the Companies Act;
"subsidiary" has the meaning assigned to it under the Companies Act;
"telecommunication service" has the meaning assigned to it under the Telecommunications Act.
Registration, conversion and financial interest (ss 3-8)
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