Long title

To provide for the establishment of the Eastern Cape Rural Development Agency, with the objective of promoting, supporting and facilitating rural development in the Eastern Cape Province in an appropriate and sustainable manner; to make provision for the abolition of the Agricultural Bank of Transkei and the Ciskeian Agricultural Bank Limited; and to provide for matters connected therewith.

[...as amended by Act ec_2012_001_001]

Table of contents

SECTION	TITLE
	ARRANGEMENT OF SECTIONS
1.	Definitions
2.	Establishment of the Eastern Cape Rural Finance Corporation Limited
3.	Objects of corporation
4.	Powers of the [ corporation ] [ Agency]
5.	Method and area of operations of corporation
6.	Policy directives
7.	Shares, share capital and share holding
8.	Board of directors
9.	Duties of directors, prohibitions and penalties
10.	Constitution of Board [ ...amended by Act ec_2012_001_007- was entitled "Appointment and qualifications of directors"]
10A..	Nomination procedure [ ...inserted by Act ec_2012_001_008]
11.	Term of office [...amended by Act ec_2012_001_009 - was entitled "Tenure and conditions of office of non-executive directors"]
11A.	Disqualificationfrom appointment to or remaining a member of the Board [...inserted by Act ec_2012_001_010]
11B.	Resignation of member and vacation of office [...inserted by Act ec_2012_001_010]
11C.	Removal of member of Board, dissolutoin of Board and appointment of interim Board [...inserted by Act ec_2012_001_010]
11D.	Appointment of embmer to vacant seat [...inserted by Act ec_2012_001_010]
11E.	Disclosure of interest [...inserted by Act ec_2012_001_010]
12.	Chairperson and deputy chairperson
12A.	Meetings of Board [...inserted by Act ec_2012_001_013]
12B.	Decisions of Board [...inserted by Act ec_2012_001_013]
12C.	... [...inserted by Act ec_2012_001_013]
12D.	... [...inserted by Act ec_2012_001_013]
13.	Executive management and employees [... amended by Act ec_2012_001_014 - was entitled "Executive director"]
14.	Board Committees
15.	Delegations by Board [... amended by Act ec_2012_001_016 - was entitled "Delegation of powers"]
16.	Keeping of accounts
17.	Annual reporting
18.	Annual financial statements
19.	Director’s report
20.	Audit
21.	Appointment of Auditor
22.	Auditor’s report
23.	Audit committee
24.	Head office
25.	Use of name of corporation
26.	Prohibition on distribution of profits and disposal of major assets
27.	Dissolution of corporation
28.	Duty not to furnish false or misleading information
29.	Offences and penalties
30.	Regulations
31.	Abolition of existing provincial rural finance institutions and repeal of laws
32.	Short title and commencement

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