CHAPTER 72:05
BOTSWANA TELECOMMUNICATIONS CORPORATION (TRANSITION)

 

ARRANGEMENT OF SECTIONS

 

   SECTION

 

 

 

PART I
Preliminary

 

   1.   Short title

 

   2.   Interpretation

 

 

 

PART II
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

 

   8.   Licences

 

 

 

PART III
Financial Provisions

 

   9.   Borrowing powers

 

   10.   Accounts and audit

 

 

 

PART IV
Miscellaneous

 

   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]

PART I
Preliminary (ss 1-2)

 

1.   Short title

   This Act may be cited as the Botswana Telecommunications Corporation (Transition) Act.

 

2.   Interpretation

   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.

PART II
Registration, conversion and financial interest (ss 3-8)

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.

Please click here to login


Recent Updates

COURT OF APPEAL (AMENDMENT) ACT (ACT 3, 2017)


LOCAL GOVERNMENT


PRESIDENTS (PENSIONS AND RETIREMENT BENEFITS) (AMENDMENT) ACT (ACT 4, 2017)