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Special Economic Zones Act, 2014 (Act No. 16 of 2014)

Regulations

Special Economic Zones Governance and Management Regulations

16. Dissolution of the Board

 

(1) The licensee must, after consultation with the Board, dissolve the Board on any reasonable grounds.

 

(2) The licensee must, within thirty (30) days of the dissolution of the Board, appoint an interim Board consisting of at least four persons, as contemplated in Regulation 3(1) and (2).

 

(3) The interim Board assumes, and must perform the functions of the Board in terms of the Act and these Regulations.

 

(4) The licensee must, within six months of the appointment of the interim Board, appoint members of the newly constituted Board.

 

 


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