13Constitutions of subsidiaries

13 Constitutions of subsidiaries

13 Constitutions of subsidiaries

(1) The Ministers who are the voting shareholders of a company SOC are responsible for ensuring that the constitution of every subsidiary of the SOC at all times contain provisions to the effect of those required by Schedule 3.

(2) The constitution may contain other provisions, so long as they are not inconsistent with the provisions referred to in subsection (1) or any other provisions of this Act.

(3) This section does not apply to the extent provided in resolutions of both Houses of Parliament.

s 13: Am 1995 No 32, Sch 1 [11]; 2001 No 34, Sch 4.58 [8] [9].