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Debt Collectors Act, 1998 (Act No. 114 of 1998)

3A. Powers and functions of Council


In addition to any other powers or functions conferred upon or assigned to the Council by this Act, the Council may—

(a) hire, buy or otherwise acquire such movable or immovable property as it may consider necessary for the performance of its functions and let, sell or otherwise dispose of property so acquired;
(b) from time to time raise money by way of a loan for the purpose of performing its functions;
(c) hypothecate its immovable property as security for a loan referred to in paragraph (b);
(d) with a view to promoting its objects, lend money against such security as it may consider adequate;
(e) make donations of property (including money) of the Council;
(f) by means of insurance provide for cover for the Council against any loss, damage, risk or liability which it may suffer or incur; and
(g) in general, perform such acts as may be necessary or expedient for the achievement of its objects.


[Section 3A inserted by section 27 of Act No. 8 of 2017 - effective 31 January 2020 as per Proclamation No. R. 5, GG42987, dated 31 January 2020]