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Table of Contents
Notice No. 1635 of 1998
Act
Preamble
1. Definitions
2. Establishment of National Empowerment Fund
3. Objects of Trust
4. The Trust
5. Duty of care by trustees
6. Personal requirements in respect of trustees
7. Disqualification of trustees
8. Appointment of trustees
9. Term of office of trustees
10. Remuneration and allowances of trustees
11. Removal from office
12. Vacancies on Board
13. Meetings of Board
14. Disclosure of conflicting interests
15. Proceedings of Board not invalid in certain circumstances
16. Powers of Trustees
17. Chief Executive Officer
18. Financing of Trust
19. Banking account
20. Reports
21. Promotion and establishment of investment entities
22. Implementation directives by Minister
23. Transfer of State Assets
24. Establishment of Investment Holding Company
25. Funds of Trust
26. Certain Exemptions regarding the National Revenue Fund
27. Regulations
28. Dissolution of Trust and Distribution
29. Application of Trust laws and principles
30. Short title and commencement
“this Act”
includes the regulations;
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