Back to Index
Services Act, 2001
April 04, 2001
SCHEDULE - (Section 3(4))
Power of the Authority
1. To acquire by
lease, purchase, or otherwise, immovable property and to construct buildings
2. To buy, take
in exchange, hire or otherwise acquire movable property, including vehicles,
necessary or convenient for the performance of its functions.
3. To maintain,
alter and improve property acquired by it.
4. To mortgage
or pledge any assets or part of any assets and, with the approval of the
Minister, to sell, exchange, let, dispose of, turn to account or otherwise
deal with any assets or part of any assets which are not required for
the exercise of its functions for such consideration as the Authority
may, with the approval of the Minister, determine.
5. To open bank
and building society accounts in the name of the Authority and to draw,
make, accept, endorse, discount, execute and issue for the purposes of
its functions, cheques, promissory notes, bills of exchange, bills of
lading, securities and other instruments.
6. To insure against
losses, damages, risks and liabilities which it may incur.
7. To enter into
contracts and suretyships’ or give guarantees in connection with the exercise
of its functions and to modify or rescind such contracts or rescind surety
ships or guarantees.
8. With the approval
of the Minister, to enter into, renew, cancel or abandon arrangements
with any government or authority, local or otherwise, that may seem conducive
to the exercise of its functions or any of them and to obtain from such
government or authority rights, privileges and concessions which the Authority
thinks desirable to obtain and carry out, exercise and comply with such
arrangements, rights, privileges and concessions.
9. With the approval
of the Minister, to raise loans or borrow money in such amounts and for
such purposes and under such conditions as may be approved by the Minister.
10. To employ,
upon such terms and conditions as the Authority may think fit, such persons
as may be necessary for conducting its affairs, and suspend or discharge
any such persons.
11. Subject to
section 39 of the Audit and Exchequer Act - to pay such remuneration
and allowances and grant such leave of absence and to make such gifts
and pay such bonuses and the like to its employees as the Authority thinks
12. To provide
pecuniary benefits for its employees on their retirement, resignation,
discharge or other termination of service or in the event of their sickness
or injury and for their dependants, and for that purpose to effect policies
of insurance, establish pension or provident funds or make such other
provision as may be necessary to secure for its employees and their dependants
any or all of the pecuniary benefits to which this paragraph relates.
13. With the approval
of the Minister, to purchase, take in exchange, hire and otherwise acquire
land or dwellings for use or occupation by its employees.
14. To construct
dwellings, outbuildings or improvements for use or occupation by its employees
on land purchased, taken in exchange, hired or otherwise acquired by the
15. To sell or
let dwellings and land for residential purposes to its employees.
16. With the approval
of the Minister, to guarantee loans to its employees or their spouses
for the purchase of dwellings or land for residential purposes, the construction
of dwellings and the improvement of dwellings or land which are the property
of its employees or their spouses.
17. To provide
security in respect of loans guaranteed in terms of paragraph 16
by the deposit of securities.
18. With the approval
of the Minister, to make loans to any employee of the Authority—
(a) for the purpose
of purchasing vehicles, tools or other equipment used by him in carrying
out his duties; or
(b) not exceeding
three months’ salary or wages payable to him, for any purpose;
on such security as
the Authority considers adequate.
19. To do anything
for the purpose of improving the skill, knowledge or usefulness of its
employees, and in that connection to provide or assist other persons in
providing facilities for training, education and research and to pay for
the aforesaid, where necessary.
20. To provide
such services as the Authority considers could properly be provided by
21. With the approval
of the Minister, to provide financial assistance to any person, association,
organisation or institution whose activities are such as to be, in the
opinion of the Authority, of benefit to the Authority.
to do all such things as may be necessary, conducive or incidental to
the exercise of the powers and the performance of the functions of the
Authority under this Act or any other enactment.
Please credit www.kubatana.net if you make use of material from this website.
This work is licensed under a Creative Commons License unless stated otherwise.