ARRANGEMENT OF SECTIONS

     SECTION

PART I
Preliminary

                1.         Short title

                2.         Interpretation

PART II
Establishment of the Centre and Board of the Centre

                3.         Establishment of the Centre

                4.         Board of the Centre

                5.         Powers and functions of the Board

                6.         Disqualification for appointment as a Board member

                7.         Vacation of office

                8.         Removal from office

                9.         Filling of vacancies of the Board

               10.         Payment of members

PART III
Meetings and Proceedings of the Board

               11.         Meetings of the Board

               12.         Declaration of interest by Board members

               13.         Signification of documents

PART IV
Chief Executive and Staff of the Centre

               14.         Chief Executive

               15.         Appointment and conditions of service of staff of the Centre, etc.

PART V
Functions, Powers and Duties of the Centre

               16.         General functions and powers of the Centre

PART VI
Financial Provisions

               17.         Centre's revenues

               18.         Financial year

               19.         Accounts and audit

               20.         General Fund

               21.         Pension and other funds

PART VII
Miscellaneous

               22.         Protection from personal liability

               23.         Reports to Minister

               24.         Annual report

               25.         Regulations

               26.         Savings

               27.         Transitional provisions

               28.         Repeal of Cap. 74:08

Act 12, 2011,
S.I. 3, 2012,
S.I. 17, 2012.

An Act to provide for the merger of the Botswana Export Development and Investment Authority and the Botswana International Financial Services Centre into a single entity, (the Botswana Investment and Trade Centre).

[Dates of Commencement: Parts I to IV 3rd February, 2012;
Parts V to VII 1st April, 2012]

1.       Short title

            This Act may be cited as the Botswana Investment and Trade Centre Act.

2.       Interpretation

            In this Act, unless the context otherwise requires-

            "BEDIA" means the Botswana Export Development and Investment Authority established under the Botswana Export Development and Investment Authority Act;

            "Board" means the Board of the Centre established under section 4 (1);

            "Centre" means the Botswana Investment and Trade Centre established under section 3;

            "Chairperson" means the Chairperson of the Board appointed as such under section 4 (2) (a);

            "former entities" means the BEDIA and the IFSC;

            "IFSC" means the Botswana International Financial Services Centre, a company limited by guarantee and incorporated under the Companies Act on 12th March, 2003; and

            "repealed Act" means the Botswana Export Development and Investment Authority Act.