Mauritius
National Transport Corporation Act
Act 5 of 1979
- Commenced on 25 July 1979
- [This is the version of this document at 30 June 2017.]
1. Short title
This Act may be cited as the National Transport Corporation Act.2. Interpretation
In this Act—"Board" means the Board of Directors of the Corporation referred to in section 5;"Corporation" means the National Transport Corporation established under section 3;"Minister" means the Minister to whom responsibility for the subject of land transport is assigned.3. Establishment of Corporation
4. Objects of Corporation
5. The Board
6. Powers of Minister
7. General Manager
8. Delegation of powers to General Manager
The Board may, subject to such instructions and rules of a general nature as it may give or make, delegate to the General Manager such of its powers as are necessary to enable him to transact effectively the day-to-day business of the Corporation.9. Appointment of staff
9A. Conditions of service of staff
The Board may, with the approval of the Minister, make provision for the conditions of service of the staff of the Corporation, and, in particular, for—10. Share capital
11. General Fund
The Corporation shall establish a General Fund—12. Receipt of money
The Corporation may receive—13. Raising of funds
Subject to the approval of the Minister, the Corporation may—14. Depreciation Fund
The Corporation shall establish a Depreciation Fund into which shall be paid such sums as the Board may approve for the purpose of meeting the cost of depreciation of equipment and its replacement.15. Reserve Fund
16. Investment of funds
The Corporation may invest, on such terms and conditions as it may determine, such part of its funds, including any sums credited to the Reserve Fund, as are not required to meet its liabilities.17. Charges to General Fund
The Corporation may, in furtherance of its objects and in accordance with the terms and conditions upon which its funds may have been obtained, given or derived, charge to the General Fund all remuneration, allowances, salaries, fees, pensions and superannuation fund contributions, gratuities, working expenses and all other charges properly arising, including any necessary capital expenditure.18. Loan redemption and depreciation
The Corporation shall make adequate provision for—19. Estimates
20. Regulations
21. Auditor
The auditor to be appointed under section 5 (1) of the Statutory Bodies (Accounts and Audit) Act shall be the Director of Audit.History of this document
30 June 2017 this version
Consolidation
25 July 1979
Commenced