Files
| Attachment | Size |
|---|---|
| act-46-1985.pdf | 1.37 MB |
46 of 1985
The State Oil Fund Amendment Act 46 of 1985 intends:
- to amend the State Oil Fund Act, 1977, so as
- to change the names of the company SOF (Proprietary) Limited and the State Oil Fund to CEF (Proprietary) Limited and the Central Energy Fund, respectively;
- to provide for the appointment of a board of directors to manage and control the affairs of CEF (Proprietary) Limited;
- to entrust CEF (Proprietary) Limited with the control of the Central Energy Fund, the Equalization Fund and the SFF Association;
- to determine the share capital of CEF (Proprietary) Limited and the SFF Association and to regulate the taking up of shares in the said companies;
- to provide for accountability in respect of money in the Central Energy Fund and the Equalization Fund as well as in respect of all other money entrusted to CEF (Proprietary) Limited and the SFF Association;
- to provide for the investigation, examination and auditing of the books, accounts and statements kept and prepared in connection with the transactions entered into by CEF (Proprietary) Limited and the SFF Association; and
- to provide for the submission to Parliament of a report relating to the said investigation, examination and auditing; and
- to provide for matters connected therewith.
Commencement
24 April 1985
