The Tanzania Postal Bank (Repeal and Transitional Provisions) Act, 2015

This provision gives the short title of the law: the Tanzania Postal Bank Act (Repeal and Transitional Provisions), 2015.

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Jurisdiction: Tanzania
Instrument: Act or statute
Citation: The Tanzania Postal Bank (Repeal and Transitional Provisions) Act, 2015
Version: Undated source snapshot
Language: mul
Official source: View official record ↗

asset and liability transfer asset transfer bank assets and liabilities transfer bank business administration bank closure banking banking operations company functions company registration corporate transition employee transfer employment terms pension continuity registration

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About this statute

This provision gives the short title of the law: the Tanzania Postal Bank Act (Repeal and Transitional Provisions), 2015. This section defines key terms used in the Act, including property, bank, company, transition period, specified date, and obligations. The Minister must oversee the registration of the company called “TPB Bank Limited” under this Act. The company’s objectives and duties include taking, developing, and maintaining banking activities, and doing other activities needed and beneficial to advance TPB Bank Limited’s formation objectives. On the specified date, the Company takes over and manages the bank’s assets, debts, and business, including banking-service assets, rights, and liabilities tied to the bank’s duties under the Act.

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Legal text

Provisions of The Tanzania Postal Bank (Repeal and Transitional Provisions) Act, 2015

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AI-assisted research summary: This provision gives the short title of the law: the Tanzania Postal Bank Act (Repeal and Transitional Provisions), 2015.

1. Sheria hii itaitwa Sheria ya Benki ya Posta Tanzania (Kufuta na Kuweka Masharti ya Mpito), 2015. 4 Na. 18 Sheria ya Benki ya Posta 2015 Tafsiri
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AI-assisted research summary: This section defines key terms used in the Act, including property, bank, company, transition period, specified date, and obligations.

2. Katika Sheria hii, isipokuwa kama muktadha utahitaji vinginevyo: “mali” maana yake ni mali halisi na mali binafsi ya aina yoyote ikijumuisha- (a) haki iliyoko kwenye mkataba na makubaliano; (b) vitabu, vitabu vya mahesabu na kumbukumbu; (c) haki, mali, na madai yote yanayohusu Kampuni au mtu binafsi, yaliyolipwa au yanayodaiwa, yaliyokuwepo na yatakayokuwepo. “benki” maana yake ni Benki ya Posta Tanzania; “kampuni” maana yake ni Kampuni masharti ya kifungu cha 3; iliyosajiliwa kwa “kipindi cha mpito” maana yake ni kipindi kisichozidi miezi sita kuanzia tarehe maalum; “tarehe maalum ” maana yake ni tarehe itakayotangazwa na Waziri kuwa tarehe ambayo wajibu wa Benki ya Posta Tanzania unaotokana na masharti ya mkataba au makubaliano ikiwa ni pamoja na akiba na amana za aina yoyote vitahamishiwa kwenda kwenye Kampuni; “wajibu” maana yake ni majukumu yote yaliyoko kwenye ikijumuisha akiba na mkataba au makubaliano amana ya aina zote. SEHEMU YA PILI TPB BANK LIMITED

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SEHEMU YA PILI

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AI-assisted research summary: The Minister must oversee the registration of the company called “TPB Bank Limited” under this Act.

3. Kabla ya kupita maalum, Waziri atasimamia kusajiliwa kwa Kampuni itakayoitwa “TPB Bank Limited” kwa mujibu wa masharti ya Sheria hii. tarehe
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AI-assisted research summary: The company’s objectives and duties include taking, developing, and maintaining banking activities, and doing other activities needed and beneficial to advance TPB Bank Limited’s formation objectives.

4. Malengo na majukumu ya Kampuni yanajumuisha- (a) kuchukua, kuendeleza na kudumisha shughuli za benki; na Sura ya 301 Kusajiliwa kwa Kampuni Malengo na majukumu ya kampuni Na. 18 Sheria ya Benki ya Posta 2015 5 (b) kutekeleza shughuli nyingine yoyote ambayo ni muhimu na yenye manufaa katika kuendeleza malengo ya kuundwa kwa TPB Bank Limited. Mali na madeni ya benki kuhamishiwa kwenye kampuni
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AI-assisted research summary: On the specified date, the Company takes over and manages the bank’s assets, debts, and business, including banking-service assets, rights, and liabilities tied to the bank’s duties under the Act.

5.-(1) Itakapofika tarehe maalum, Kampuni itasimamia mali, madeni na biashara zote za benki. (2) Itakapofika tarehe maalum mali, haki na madeni yote yanayohusiana na huduma za kibenki zilizokuwa zinapaswa kufanywa na benki kwa mujibu wa Sheria hii, zitarithiwa na kusimamiwa na Kampuni. Masharti kuhusiana na waajiriwa wa benki
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AI-assisted research summary: Bank employees are transferred to the Company on the specified date, and their terms of service and pension treatment continue under the stated transitional rules.

6.-(1) Kwa mujibu wa Sheria hii, waajiriwa wote wa benki watahamishiwa kwenye Kampuni itakapofika tarehe maalum. (2) tarehe maalum kila mwajiriwa aliyehamishwa kutoka benki atakuwa mwajiriwa wa Kampuni kwa masharti ambayo hayatapungua ubora wake. Itakapofika (3) Mpango na masharti ya utumishi wa benki yataendelea kutumika kwa watumishi waliohamishiwa kwenye Kampuni chini ya kifungu kidogo cha (1) hadi mpaka hapo kampuni itakapoandaa mpango na masharti mapya ya utumishi. (4) Endapo mtumishi aliyehamishiwa kwenye utumishi wa Kampuni chini ya kifungu kidogo cha (1) alikuwa ni mwanachama katika mfuko au mpango wa pensheni kwa mujibu wa sheria ama kwa hiari, kwa madhumuni ya Sheria hii, ataendelea kusimamiwa na taratibu za mfuko au mpango huo kama vile hajahamishiwa kwenye utumishi wa Kampuni, na kwa madhumuni ya taratibu zinazosimamia mifuko hiyo, utumishi wake katika Kampuni utachukuliwa kuwa kama ni utumishi wake katika benki. 6 Na. 18 Sheria ya Benki ya Posta 2015 SEHEMU YA TATU MASHARTI YA MPITO Kipindi cha mpito

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SEHEMU YA TATU

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AI-assisted research summary: A transition period of up to six months applies, and before it ends the required legal and other steps must be taken to close the bank’s business and transfer its assets and liabilities to the Company.

7.-(1) Kutakuwa na kipindi cha mpito kisichozidi miezi sita kitakachoanzia tarehe maalum. (2) Kwa mujibu wa Sheria hii na kabla ya kumalizika kwa kipindi cha mpito, taratibu zote za kisheria na taratibu nyingine zitachukuliwa ili kuwezesha kufungwa kwa shughuli na biashara za benki na kuhamishia kwenye Kampuni mali na madeni ya benki. Kufutwa kwa Sheria ya Benki ya Posta Tanzania, Sura ya 301 na kusajili chini ya Sura ya 212
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AI-assisted research summary: The Postal Bank of Tanzania Act is repealed, but its provisions keep applying until TPB Bank Limited’s registration under the Companies Act is completed.

8.-(1) Sheria ya Benki ya Posta Tanzania imefutwa. (2) Bila kujali kufutwa kwa Sheria ya Benki ya Posta Tanzania, masharti ya Sheria ya Benki ya Posta Tanzania yataendelea kutumika hadi mchakato wa usajili, TPB Bank Limited chini ya Sheria ya Makampuni utakapokamilika. (3) Baada ya kuisha kwa kipindi cha mpito, Sheria hii haitakuwa na nguvu za kisheria. Imepitishwa na Bunge tarehe 29 June, 2015. ……………………… Katibu wa Bunge

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