Acts Online
GT Shield

Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)

Chapter 5 : Miscellaneous Provisions

21. Subsidiaries

 

(1) The Corporation may, subject to the Public Finance Management Act and with the approval of the Minister, form wholly owned subsidiaries.

 

(2) The Corporation may only dispose of a subsidiary with the approval of the Minister.