LawgistThe Oil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act
7Guarantee to be operative
Any guarantee given for or in favour of the Commission with respect to any loan or lease finance or other assistance shall continue to be operative in relation to the Corporation.
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All sections
- 1 Short title and commencement
- 2 Definitions
- 3 Undertaking of Commission to vest in Corporation
- 4 General effect of vesting of undertaking in Corporation
- 5 Licences, etc., to be deemed to have been granted to Corporation
- 6 Tax exemption or benefit to continue to have effect
- 7 Guarantee to be operative
- 8 Provisions in respect of officers and other employees of Commission
- 9 Power of entry
- 10 Power to make rules
- 11 Repeal of Act 48 of 1959
- 12 Repeal and saving
