Public Enterprises (Privatisation and Commercialisation) Order, 2004

THIRD SCHEDULE-continued Miscellaneous 4. (1) The fixing of the seal of the Bureau shall be authenticated by the signature of the chairman, the Director-General or of any other person authorised generally or specially to act for that purpose by the Council. (2) Any contract or instrument which, if made or executed by a person not being a body corporate, would not be required to be under seal may be made or executed on behalf of the Bureau by the chairman, Director-General or any person generally or specially authorised to act for that purpose by the Council. (3) Any document purporting to be a document duly executed under the seal of the Bu reau shall be received in evidence and shall, unless and until the contrary is proved, be pre sumed to be so executed. 5. The validity of any proceeding of the Council or of a committee thereof shall not be ad versely affected by any vacancy in the membership of the Council or committee, or by any defect in the appointment of a member of the Council or of a committee, or by reason that a person not entitled to do so took part in the proceedings of the Council or committee. SUBSIDIARY LEGISLATION List of Subsidiary Legislation 1. Public Enterprises (Privatisation and Commercialisation) Order, 2004. PUBLIC ENTERPRISES (PRIVATISATION AND COMMERCIALISATION) ORDER, 2004 ARRANGEMENT OF SECTIONS SECTION I. Percentage or shares in enterprises to be privatised for core investors. 2. Percentage or shares in enterprises to be privatised for staff. 3. Citation. Public Enterprises (Privatisation and Commercialisation) Act PUBLIC ENTERPRISES (PR IVATISA TION AND COMMERCIALISATION) ORDER, 2004 [S.1. 17 of2004.] [2nd September, 1999] [Cornrnencement.] 1. Percentage of shares in enterprises to be privatised for core investors From the commencement of this Order, 51 percent of Government shares in Enter prises to be privatised may be offered to Core Investors. 2. Percentage of shares in enterprises to be privatised for staff The Staff of the Public Enterprises to be privatised may have up to 10 percent of the shares to be offered for sale to the Public reserved for them. 3. Citation This Order may be cited as Public Enterprises (Privatisation and Commercialisation) Order, 2004.