[Act 20, 2018]CHAPTER 00:00
BOTSWANA MEAT COMMISSION (TRANSITION) ACT

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 Meat Commission

    4.    Conversion of financial interest

    5.    Appointment of office holders

    6.    Employee Share Ownership Plan

    7.    Tax exemptions

PART III
Financial Provisions

    8.    Licences

    9.    Borrowing powers

    10.    Accounts and audit

PART IV
Miscellaneous

    11.    Stabilisation and development reserves

    12.    Reference to certain terms

    13.    Repeal of Cap. 74:04

    14.    Savings and transitional provisions

Act 20, 2019.

An Act to provide for the registration of Botswana Meat Commission as a public company limited by shares 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: ON NOTICE]

PART I
Preliminary (ss 1-2)

1.    Short title

    This Act may be cited as the Botswana Meat Commission (Transition) Act, and shall come into operation on such date as the Minister may, by Order published in the Gazette, appoint.

2.    Interpretation

    In this Act, unless the context otherwise requires—

    "Board" means the Board of Directors of the Company referred to under section 5;

    "Botswana Privatisation Asset Holding (Proprietary) Limited" 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;

    "Commission" means Botswana Meat Commission established under the Botswana Meat Commission Act;

    "Company" means Botswana Meat Commission, as continued under section 3;

    "conversion date" means the date on which Botswana Meat Commission is registered as a company;

    "Employee Share Ownership Plan" means a plan established under section 6 for the benefit of staff of the Company who are citizens;

    "Pension Fund" means the Botswana Meat Commission Staff Pension Fund which is a defined contribution fund;

    "Registrar" means the Registrar of Companies appointed under the Companies Act (Cap. 42:01);

    "repealed Act" means the Botswana Meat Commission Act repealed under section 13; and

    "subsidiary" has the meaning assigned to it under the Companies Act.

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