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 (Cap. 72:03);

    "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 (Cap. 72:02);

    "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;