Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Air Traffic and Navigation Services Company Act, 1993 (Act No. 45 of 1993)5. Functions of company |
| (1) | The functions of the company shall be to achieve its objects with the means at its disposal. |
| (2) | The company shall— |
| (a) | not have any financial interest, direct or indirect, in the provision of any air service as defined in section 1 of the Air Services Licensing Act, 1990 (Act No. 115 of 1990), or in section 1 of the International Air Services Act, 1949 (Act No. 51 of 1949); |
| (b) | not unduly discriminate against or among various users or categories of users of any air navigation infrastructure or air traffic services; |
| (c) | conduct its business in such a manner that the national interest is not jeopardized; |
| (d) | conduct its business in such a manner as to ensure that the company does not engage in any restrictive practice as defined in section 1 of the Maintenance and Promotion of Competition Act, 1979 (Act No. 96 of 1979); |
| (e) | not change the level or modify the structure of any air traffic service charge more than twice within a financial year; and |
| (f) | publish by notice in the Gazette any air traffic service charge at least three months prior to the coming into operation of such charge. |
| (3) | The company may, in order to perform its functions or attain any of its objects, raise money from time to time with the approval of the Shareholding Minister and the Minister of Finance by way of loans from any source. |
