This Act was repealed on 2018-02-01 by Tanzania Telecommunications Corporation Act, 2017.
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- Is repealed by Tanzania Telecommunications Corporation Act, 2017
Tanzania
Tanzania Telecommunications Company Incorporation Act
Chapter 304
- Published in Tanzania Government Gazette
- Commenced on 1 January 1994
- [This is the version of this document at 31 July 2002.]
- [Note: This legislation has been thoroughly revised and consolidated under the supervision of the Attorney General's Office, in compliance with the Laws Revision Act No. 7 of 1994, the Revised Laws and Annual Revision Act (Chapter 356 (R.L.)), and the Interpretation of Laws and General Clauses Act No. 30 of 1972. This version is up-to-date as at 31st July 2002.]
- [Repealed by Tanzania Telecommunications Corporation Act, 2017 (Act 12 of 2017) on 1 February 2018]
Part I – Preliminary provisions (ss. 1-3)
1. Short title
This Act may be cited as the Tanzania Telecommunications Company Incorporation Act.2. Application
Upon attainment of privatisation of the Company and the Government shareholder, whichever is the earliest event, the provisions of this Act, other than the provisions of sections 1, 2, 3, 4 and 5, shall cease to apply.[s. 1A]3. Interpretation
In this Act, unless the context requires otherwise—"assets" includes all property movable or immovable and all estates, easements and rights whether equitable or legal in, to or out of property, choses-in-action, money and goodwill;"Company" means the Tanzania Telecommunications Company Limited which is required by this Act to be established;"former Corporation" means the Tanzania Posts and Telecommunications Corporation established by the Tanzania Posts and Telecommunications Corporation Act1;"liabilities" means liabilities, debts, charges, duties and obligations of every description (whether present or future, actual or contingent, and whether payable, to be observed or performed in the United Republic or elsewhere);"Minister" means the Minister responsible for telecommunications;"rights" means all rights, powers, privileges and immunities, whether actual, contingent or prospective;"vesting date" means the date on which assets and liabilities in respect of telecommunications services, to which the former corporation was entitled or subject to, are transferred to and vested in the Company.[s. 2]Part II – The Tanzania Telecommunications Company (ss. 4-8)
4. Requirement to establish the Company
5. Functions of the Company
6. Authorised capital
7. Issued capital
8. Shares
Part III – Administration of the Company (ss. 9-11)
9. Annual General Meetings
10. Board of Directors
11. Dividends
The Company shall declare dividends only after prior approval of the Treasury Minister.Part IV – Miscellaneous provisions (ss. 12-14)
12. Capitalisation of profits
13. Accounts and audit
14. Winding-up
If the Company is wound up, the liquidator may divide amongst the members or class of members any part of the assets of the Company according to the value that the liquidator sets for those assets.[s. 13]History of this document
01 February 2018
31 July 2002 this version
Consolidation
01 January 1994
Commenced
Cited documents 3
Act 3
1. | Companies Act | 624 citations |
2. | Tanzania Communications Act | 20 citations |
3. | Tanzania Posts and Telecommunications (Vesting of Assets and Liabilities) Act | 4 citations |
Documents citing this one 3
Judgment 2
Act 1
1. | Tanzania Communications Act | 20 citations |