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Section 80

Power of Organization to establish or take over companies

of Self-Employment Social Security Act 2017

ActIn forceProvision 80 of 89
Section 80
(1)

The Organization may, with the approval of the Minister and the Minister of Finance, establish or take over any company under the

Companies Act 2016 [Act 777] to carry out, administer, conduct and manage any project, joint venture, privatization programme, scheme, enterprise or any other matter which has been planned or undertaken by the Organization for the purposes of the Scheme.

(2)

The Organization may give instructions to the company referred to in subsection (1) on matters relating to the administration, finance and operation of the company which are consistent with the provisions of this Act, and such company shall give effect to the instructions.