Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)

Chapter 4 : Regulations and Delegation

18. Regulations

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(1)The Minister may make regulations regarding—
(a)the place where the head office of the Corporation must be situated;
(b)conditions or restrictions subject to which the Board must manage and control the affairs of the Corporation, including the circumstances in which the Board must manage and control such affairs subject to the approval of the Minister or the Minister acting in consultation with any other responsible Minister of State and the manner in which such affairs must be managed and controlled in particular circumstances or in relation to companies promoted by the Corporation;
(c)the procedure at meetings of the Board and the keeping of records and minutes;
(d)a code of conduct to be adhered to by employees;
(e)the procedure for dealing with complaints and grievances of employees and the manner in which and time when or period wherein and person to whom documents in connection with requests and communications of such employees must be submitted; and
(f)any other matter which it may be necessary or expedient to prescribe in order to achieve the objectives of the Corporation.

 

(2)Any regulation which is likely to result in state expenditure must be made with the concurrence of the Minister of Finance.