Arrangement of Sections
1. PUBLIC ENTERPRISES REGULATORY COMMISSION ACT
2. (a) shall be a body corporate with perpetual succession and a common seal; and
3. (a) be appointed by the President; and
4. (a) for a period of four years and may be re-appointed for one further period of four years; and
5. There shall be paid to every member of the Board such emoluments, allowances and benefits
6. (1) A member of the Board who directly or indirectly has an interest in any public enterpr
8. (k) advise the President on the appointment of directors of public enterprises; and
9. The President may give to the Commission such directives as appear to him to be just and p
10. (1) The Commission may appoint one or more committees to carry out on behalf of the Commis
11. (1) There shall be, for the Commission, a Secretary –
12. (a) responsible for keeping proper records of the proceedings of the Commission; and
13. (1) Service in the Commission shall be approved service for the purpose of the Pensions Ac
14. (1) There shall be established and maintained by the Commission a fund into which shall be
16. (1) The Board shall cause to be prepared not later than 30 September in each year an estim
17. The Board shall, notwithstanding the provisions of sections 16 and 18 of this Act and, at
18. The Board shall not later than 3 months before the end of each year, submit to the Preside
19. (1) Notwithstanding anything to the contrary contained in any law or enactment, every publ
20. (a) disclose with reasonable accuracy, the financial position of the public enterprise; and
21. (1) If a public enterprise fails to comply with any provision of section 19 or 20 of this
22. (1) The directors of a public enterprise shall cause to be prepared every year, in respect
23. (i) a five-year financial summary. Directors’ duty to cause financial statement to be prepared
24. (1) No public enterprise shall by itself or through its officers grant a loan, an advance
25. (a) in the case of a public enterprise, to a fine of N200,000; and
26. (1) The balance sheet of a public enterprise and every copy thereof delivered to the Commi
Continue reading Public Enterprises Regulatory Commission Act 1996
You have read the opening. Unlock the full library once and it stays unlocked - one payment, no subscription, the same library as the app.
- All 725 Laws of the Federation, A to Z
- 916 full judgments and 269 case collections
- 8,046 legal principles and 124 rules of court
- 343 drafts, with the Draft Builder
- The Law Dictionary - 31,442 terms
- Law School notes and 2,082 MCQs
Every Act, case collection and principle beginning with A, B or C is free to read in full, without unlocking - the same boundary as the Android app.