Law library · Sierra Leone · NPRC DECREE N0.6 1993
Section 2: In this Decree, unless the context otherwise requires—
Status not yet checkedNPRC DECREE N0.6 1993, Sierra Leone
"bank" means any company carrying on banking business in Sierra Leone;
"public enterprise" means any company in which the Government of Sierra Leone has a shareholding which is being offered for sale to the general public;
"securities" includes any share, stock, bond, debenture, debenture stock, bearer certificate, coupon or warrant representing dividends and interests, letter of allotment of rights, warrant conferring an option to acquire a security, deposit certificate in respect of securities and such other document conferring or evidencing rights as may be prescribed by law from time to time.
MADE and ISSUED this 12th day of May, 1993.
CAPTAIN VALENTINE E. M. STRASSER
Chairman,
National Provisional Ruling Council.
EXPLANATORY NOTE
(This note does not form part of the Decree but is intended to explain its purpose).
The object of this Decree is to provide an avenue for the wholesale of Government shares and stock in public enterprises to the general public, including individuals, business establishments, institutional investors, and any other person interested in purchasing such securities. The Banks in turn shall dispose these shares and stock to the general public. This exercise should expedite Government's endeavours to divest itself of its shareholdings in public enterprises in favour of private ownership.
PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTING DEPARTMENT, SIERRA LEONE—BY AUTHORITY OF THE NATIONAL PROVISIONAL RULING COUNCIL.
GAZETTE EXTRAORDINARY No. 24 OF 14TH MAY, 1993.
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