• Notice No. 1635 of 1998
  • Act
  • Preamble
  • 1. Definitions
  • 2. Establishment of National Empowerment Fund
  • 3. Objects of Trust
  • 4. The Trust
  • 5. Duty of care by trustees
  • 6. Personal requirements in respect of trustees
  • 7. Disqualification of trustees
  • 8. Appointment of trustees
  • 9. Term of office of trustees
  • 10. Remuneration and allowances of trustees
  • 11. Removal from office
  • 12. Vacancies on Board
  • 13. Meetings of Board
  • 14. Disclosure of conflicting interests
  • 15. Proceedings of Board not invalid in certain circumstances
  • 16. Powers of Trustees
  • 17. Chief Executive Officer
  • 18. Financing of Trust
  • 19. Banking account
  • 20. Reports
  • 21. Promotion and establishment of investment entities
  • 22. Implementation directives by Minister
  • 23. Transfer of State Assets
  • 24. Establishment of Investment Holding Company
  • 25. Funds of Trust
  • 26. Certain Exemptions regarding the National Revenue Fund
  • 27. Regulations
  • 28. Dissolution of Trust and Distribution
  • 29. Application of Trust laws and principles
  • 30. Short title and commencement