CHAPTER 56:10
BOTSWANA SAVINGS BANK (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 Savings Bank

   4.   Conversion of financial interest of Government

   5.   Employee Scheme

   6.   Tax exemption

   7.   Licences

PART III
Miscellaneous Provisions

   8.   Savings and transitional

   9.   Reference to terms in certain Acts

   10.   Repeal of Cap. 56:03

Act 8,1992,
Act 6, 2012,
S.I. 69, 2013.

An Act to provide for the registration of Botswana Savings Bank under the Companies Act; for its continued existence as if it had been incorporated under the Companies Act, and for matters incidental thereto.

[Date of Commencement: 1st July, 2013]

PART I
Preliminary
(ss 1-2)

1.   Short title

   This Act may be cited as the Botswana Savings Bank (Transition) Act.

2.   Interpretation

   In this Act, unless the context otherwise requires-

   "Board" means the Board of the Botswana Savings Bank established under the Botswana Savings Bank Act;

   "Botswana Savings Bank" means the Botswana Savings Bank established under the Botswana Savings Bank Act;

   "Company" means Botswana Savings Bank Limited, as continued under section 3;

   "conversion date" means the date on which Botswana Savings Bank is registered as a company;

   "Employee Scheme" means an employee benefit plan established under section 5;

   "Pension Fund" means the Botswana Savings Bank Staff Pension Fund which is a defined contribution fund; and

    "Registrar" means the Registrar of Companies appointed under the Companies Act.

PART II
Registration, Conversion and Financial Interest
(ss 3-7)

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