MiLAWYER

Law library · Sierra Leone · NPRC DECREE N0.2 1992

Section 14: In this Decree unless the context otherwise requires—

Status not yet checkedNPRC DECREE N0.2 1992, Sierra Leone

"bank" means any company carrying on banking business in Sierra Leone or outside Sierra Leone; [Margin: Cap 249] "company" means any company registered under the Companies Act or a company incorporated outside Sierra Leone, which has complied with Part IX of the Companies Act; [Margin: Cap. 196.] "minerals" or "precious minerals" have the same meaning as in Section 2 of the Minerals Act; "Public Corporation" includes a statutory corporation or any company set up entirely out of public funds or funds provided either in whole or in part, by or otherwise guaranteed by Parliament; "securities" includes shares, stock, bonds, debentures, debenture stocks, units under a unit trust scheme and shares in an oil royalty; bearer certificates, coupons and warrants representing dividends and interests, any letter of allotment which may be renounced, letter of rights, warrants conferring an option to acquire a security, deposit certificates in respect of securities and such other document conferring or evidencing rights as may be prescribed by the Chairman from time to time. No. 2 Freezing of Assets Decree 1992 9 (*b*) having a share capital more than one-half of which is held beneficially by or on behalf of or in trust for persons specified under Part II of the Schedule, shall sell, lease, mortgage, transfer, dispose of, interfere with, charge, dissipate, diminish, remove, or cause to be removed any asset listed under Part I of the Schedule within Sierra Leone or outside Sierra Leone. [Margin: Saving.] 13. Nothing in this Decree shall affect the sale, lease, transfer or other disposition of any asset in pursuance of any Order made by any competent Court or in compliance with the provisions of any enactment. [Margin: Interpretation.] 14. In this Decree unless the context otherwise requires— "bank" means any company carrying on banking business in Sierra Leone or outside Sierra Leone; [Margin: Cap 249] "company" means any company registered under the Companies Act or a company incorporated outside Sierra Leone, which has complied with Part IX of the Companies Act; [Margin: Cap. 196.] "minerals" or "precious minerals" have the same meaning as in Section 2 of the Minerals Act; "Public Corporation" includes a statutory corporation or any company set up entirely out of public funds or funds provided either in whole or in part, by or otherwise guaranteed by Parliament; "securities" includes shares, stock, bonds, debentures, debenture stocks, units under a unit trust scheme and shares in an oil royalty; bearer certificates, coupons and warrants representing dividends and interests, any letter of allotment which may be renounced, letter of rights, warrants conferring an option to acquire a security, deposit certificates in respect of securities and such other document conferring or evidencing rights as may be prescribed by the Chairman from time to time. 10 No. 2 *Freezing of Assets Decree* 199[illegible] THE SCHEDULE *Sections 1,3,4,9,10 and 1*[illegible] PART I Any building, land, bonds, shares in a company, stock or other securities, motor boats, machinery, mining equipment; car, lorry and such other vehicle, gold, diamonds and other minerals or precious minerals; bank accounts, bank notes or exchange security accounts or any such property. PART II 1. All persons who were Presidents, Vice-Presidents, Ministers, Ministers of State or Parliamentary Special Assistants between the 1st day of June, 1986 and the 22nd day of September, 1991, their respective servants or agents or their estates. 2. All Public Officers in respect of whom some complaint would have been lodged or any information would have been laid for any period between the 1st day of June, 1986 and the 22nd day of September, 1991. 3. Members of the Board and employees or ex-employees of Public Corporations in respect of whom some complaint would have been lodged or any information would have been laid for any period between the 1st day of June, 1986 and the 22nd day of September, 1991. 4. Such other persons as the National Provisional Ruling Council may from time to time specify by Notice in the *Gazette*. MADE and ISSUED this *13th* day of *May, 1992*. CAPTAIN VALENTINE E. M. STRASSER *Chairman,* *National Provisional Ruling Council.*

Read the whole lawDownload PDFAsk Tima what this means

Check the current official version before relying on this text. MiLAWYER shares legal information, not legal advice.