Protection of Businesses Act, 1978
R 385
National Small Business Act, 1996 (Act No. 102 of 1996)Chapter 3: Small Enterprise Development Finance Agency9. Establishment and shareholder of Agency |
| (1) | Upon the coming into effect of this section, the Minister must ensure that the necessary steps are taken for the incorporation of the Agency as a company contemplated in subsection (2). |
| (2) | The Companies and Intellectual Property Commission must— |
| (a) | register the Memorandum of Incorporation and incorporate the Agency under the name ‘‘Small Enterprise Development Finance Agency SOC Limited’’ with the State as the shareholder; and |
| (b) | issue to that entity the necessary documents to enable it to conduct business as a corporate entity. |
| (3) | The Minister is the sole representative of the shareholder. |
| (4) | The Agency acts through its Board. |
| (5) | The Public Finance Management Act and the Companies Act apply to the operations of the Agency. |
[Section 9 substituted by section 4 of the National Small Enterprise Amendment Act, 2024 (Act No. 21 of 2024), GG50965, Notice No. 5049, dated 23 July 2024 - effective 1 October 2024 per Commencement Notice 190 of 2024]
