Companies Act, 1973 (Act No. 61 of 1973)

Chapter XVB: Financial reporting standards

Purchase

1)	The Minister, in support of the Council and the Panel, shall-

a)	provide offices;

b)	employ staff;

c)	open and operate banking accounts;

d)	insure against risk;

e)	perform other administrative acts;

f)	perform legal acts and institute or defend any legal action; and

g)	meet all reasonable expenditure.

2)	The Minister may delegate to each of the executive officers of the Council and the Panel any power necessary for the performance of the acts in subsection (1).