Conversion Of Public Corporations Or Government Owned Business Undertakings Into Public Companies Act

Arrangement of Sections

1. Short title.

2. Establishment of a company to carry on a corporation or business undertaking vested in the Government.

3. Vesting of Corporation or business undertaking as the case may be in company.

23 of 1987.

AN ACT to make provision for the conversion of public corporations or government owned business undertakings acquired under the business undertakings (acquisition) act, no. 35 of 1971, into public companies; and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 15th May, 1987]

1. Short title.

This Act may be cited as the Conversion of Public Corporations or Government Owned Business Undertakings into Public Companies Act.

2. Establishment of a company to carry on a corporation or business undertaking vested in the Government.

(1) Where the Cabinet of Ministers considers it necessary that a company should be incorporated for the purpose of taking over the functions of any public corporation or part thereof or taking over and carrying on any business undertaking acquired by, or vested in, the Government under the Business Undertakings (Acquisition) Act, No. 35 of 1971, or any part thereof, the Minister may, in consultation with the Minister in charge of the subject of Finance, forward a memorandum and articles of Association to the Registrar of Companies, together with a direction to such Registrar to register such public corporation or business undertaking, or any part thereof, as a public company under the Companies Act, No. 17 of 1982.

(2) Notwithstanding any other provisions of the Companies Act, No. 17 of 1982, on receipt of a direction under subsection (1) the Registrar of Companies shall—

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VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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