Postal Services Act, 1998 (Act No. 124 of 1998)Chapter IX : Repeal and Amendment of Laws82. Amendment of section 3 of Act 44 of 1958 |
Amendment of section 3 of Act 44 of 1958, as amended by section 2 of Act 56 of 1973, section 4 of Act 113 of 1976, section 5 of Act 85 of 1991, section 1 of Act 11 of 1997 and section 1 of Act 53 of 1997
Section 3 of the Post Office Act, 1958, is hereby amended–
| a) | by the substitution in subsection (4) for paragraph (c) of the following paragraph: |
"(c) must have articles of association providing, amongst other things in the case of the postal company, that the affairs of the company must be managed by a board of directors appointed in terms of the articles of association."; and
| b) | by the substitution for subsection (5) of the following subsection: |
"(5) Notwithstanding the provisions of the Companies Act, the postal company [shall not have more than one member] and the telecommunications company may have fewer than seven members.".