Acts Online

Agrement South Africa Act, 2015 (Act No. 11 of 2015)

Purchase

(1)	For purposes of this section—

‘‘current Board’’ means the Board of Agrément South Africa appointed by the Minister prior to the commencement date; and

‘‘current CEO’’ means the Chief Executive Officer of Agrément South Africa,

who is in office prior to the commencement date.

(2)	From the commencement date—

(a)	all notices, designations and certificates issued by the current Board remain in effect as though they were issued in terms of this Act;

(b)	all assets, liabilities, rights and obligations of the current Board remain the assets, liabilities, rights and obligations of Agrément South Africa;

(c)	the members of the current Board are deemed to be members of the Board of Agrément South Africa, established in terms of this Act, and will remain in office for the unexpired period of their term of office; and

(d)	any criteria set and document issued by the current Board remain in effect as though they were set and issued in terms of this Act.

(3)	The Chairperson of the current Board shall, within 30 days of the commencement date, convene a meeting of the Board.

(4)	The current Chief Executive Officer will remain in office for the duration of his or her contract.

(5)	Any action taken by Agrément South Africa prior to the commencement of this Act is deemed to have been taken in terms of this Act.