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South Africa
NATIONAL LEGISLATION OVERVIEWS
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Armaments Corporation of South Africa, Limited Act, No. 51 of 2003

Long title


To provide for the continued existence of the Armaments Corporation of South Africa, Limited; to provide for the functions, accountability and finances of the Corporation; and to provide for matters connected therewith.

Table of contents

SECTION TITLE

ARRANGEMENT OF ACT
1. Definitions

CHAPTER 1. ARMAMENTS CORPORATION OF SOUTH AFRICA, LIMITED AND ITS OBJECTIVES AND FUNCTIONS
2. Continued existence of Corporation
3. Objectives of Corporation
4. Functions of Corporation
5. Service level agreements

CHAPTER 2. BOARD OF DIRECTORS AND EMPLOYEES OF CORPORATION
6. Corporation managed by Board of Directors
7. Non-executive members of Board
8. Vacation of office by members of Board
9. Meetings of Board and decisions
10. Chief Executive Officer
11. Chief Financial Officer
12. Committees
13. Employees of Corporation
14. Conflict of interest

CHAPTER 3. FINANCIAL AND AUDIT MATTERS
15. Funds of Corporation
16. Audit of financial statements
17. System for evaluating acquisitions

CHAPTER 4. REGULATIONS AND DELEGATION
18. Regulations
19. Delegation

CHAPTER 5. MISCELLANEOUS PROVISIONS
20. Safeguarding of information, records, property and premises
21. Subsidiaries
22. Intellectual property
23. Repeal of laws and savings
24. Short title and commencement
Sch. SCHEDULE [s23]
 
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