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Public Corporations Act, 1992 (No. 2 of 1992).

Country/Territory
United Republic of Tanzania
Document type
Legislation
Date
1992
Source
FAO, FAOLEX
Original source
Gazette of the United Republic of Tanzania 1992.
Long title
An Act to make better provision for the establishment, management and streamlining of public corporations and to provide for other matters incidental to or connected with those purposes.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Governance
Geographical area
Africa, Eastern Africa, Least Developed Countries
Abstract

This Act concerns establishment, administration, management, etc. of public corporations. The President may by Order establish a public corporation for such functions or purposes as may be specified in the Order. Where the Government is the sole shareholder in a in a public corporation, the Minister responsible for the parent Ministry shall appoint the members to the Board. Every Public Corporation shall a Board of Directors, which shall be responsible for its policy and control and management of the affairs. A public corporation shall operate its business according to sound commercial principles. The Minister may by Order published in the Gazette declare a public corporation to be a specified public corporation. The Board of Directors of any specified public corporation may allow any person or a public corporation to invest in the specified public corporation.

Full text
English
Website
polis.parliament.go.tz