Section 3: Establishment of Sugar Investment Trust
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3. Establishment of Sugar Investment Trust
(1) The Sugar Investment Trust established under the Sugar Industry
Efficiency Act 1988 shall be deemed to have been established under this
Act.
(2) The Trust shall be a body corporate.
(3) The Trust shall, for the purposes of the Companies Act 1984 and the
Companies Act, be deemed to be a company.
(4) The issued share capital of the Trust shall be determined by the Board
of Directors.
(5) Subject to subsections (6) and (7), the Companies Act 1984 and the
Companies Act shall apply to the Trust and any reference to a company in
those Acts shall include a reference to the Trust.
(6) The sections of the Companies Act 1984 and the Companies Act
specified in the First Schedule shall not apply to the Trust.
(7) Notwithstanding the Companies Act 1984 and the Companies Act,
the provisions of this Act shall prevail over any provision of those Acts
which is inconsistent with this Act.
(8) —
[S. 3 amended by s. 29 (a) of Act 15 of 2006 w.e.f. 7 August 2006.]