Special Economic Zones Act, 2014 (Act No. 16 of 2014)RegulationsSpecial Economic Zones Governance and Management Regulations16. 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. |