Section 6
Exercise of the Minister of Finance’s functions through nominees
of National Land Rehabilitation and Consolidation Authority (Succession and Dissolution) Act 1997
The Minister of Finance may appoint such persons as he thinks fit to act as his nominees for the purposes of section 4
or 5 and—
(a)
securities of the successor company may be assigned under section 4 to any nominee of the Minister of Finance appointed for the purposes of that section or to any person entitled to the issue of the securities following their initial allotment to any such nominee; and
(b)
any such nominee appointed for the purposes of section 5 may acquire securities or rights in accordance with that section.
(2)
Any person holding any securities or rights as a nominee of the Minister of Finance by virtue of subsection (1) shall hold
National Land Rehabilitation and 11
Consolidation Authority (Succession and
Dissolution)
and deal with them on such terms and in such manner as the
Minister of Finance may direct.