National Small Business Act | Act 102 of 1996 — South Africa law | Esheria

National Small Business Act

This section defines key terms used in the Act, including the Agency, Board, Minister, prescribed, regulation, small business, and small business organisation.

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Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 102 of 1996
Version
Undated source snapshot
Language
en
Updated
Official source
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advisory bodies agency establishment board governance commencement corporate governance entity definitions finance and accounting financial administration institutional structure regulatory powers reporting small business classification small business promotion small business support staffing transitional administration

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Statute overview

About this statute

This section defines key terms used in the Act, including the Agency, Board, Minister, prescribed, regulation, small business, and small business organisation. The National Small Business Council is established as a juristic person, and it must carry out its functions under the Act and its constitution. This section sets requirements for the Council’s constitution, staffing, finances, and transitional arrangements. The Ntsika Enterprise Promotion Agency is established as a juristic person. The Board has the rights and responsibilities normally given to a board of directors, as long as they are consistent with the Companies Act, 1973 and this Act.