 <p class="MsoNormal" style="text-align: center">

                                              <b>
                                              <span style="font-family: Arial">
                                              NATIONAL BOARD FOR SMALL-SCALE 
                                              INDUSTRIES ACT, 1981 (ACT 434)</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              ARRANGEMENT OF SECTIONS</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#1>1. Establishment of National Board 
                                              for Small-Scale Industries.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              <a href=#2>2. Composition of Board.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#3>3. Qualifications and 
                                              disqualifications of members of 
                                              Board.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#4>4. Functions of Board.</a></span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#5>5. Executive and Deputy Executive 
                                              Directors.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#6>6. Functions of Executive and 
                                              Deputy Executive Directors.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              <a href=#7>7. Staff of Board.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#8>8. Regulation of Business.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#9>9. Validity of Proceedings.</a></span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#10>10. Funds.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#11>11. Accounts and Audit.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              <a href=#12>12. Annual Report.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              <a href=#13>13. Minister responsible for 
                                              Board.</a></span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>

                                              <p class="MsoNormal" style="text-align: center">
                                              <span style="font-family: Arial">
                                              <b>THE FOUR HUNDRED AND 
                                              THIRTY-FOURTH</b></span></p>

                                              <p class="MsoNormal" style="text-align: center">
                                              <span style="font-family: Arial; font-weight: 700">
                                              ACT OF THE PARLIAMENT OF THE 
                                              REPUBLIC OF GHANA</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              ENTITLED</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">

                                              THE NATIONAL BOARD FOR SMALL-SCALE 
                                              INDUSTRIES ACT, 1981</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              AN ACT to provide for the 
                                              establishment of the National 
                                              Board for Small-Scale Industries 
                                              and for other matters connected 
                                              therewith.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              DATE OF ASSENT: 23rd June, 1981</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              BE IT ENACTED by Parliament as 
                                              follows:&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=1></a>
                                              <span style="font-family: Arial">
                                              Section 1&#8212;Establishment of 
                                              National Board for Small-Scale 
                                              Industries.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              There is hereby established a body 
                                              to be known as the National Board 
                                              for Small-Scale Industries in this 
                                              Act referred to as &quot;the Board.&quot;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=1></a>
                                              <span style="font-family: Arial">
                                              Section 2&#8212;Composition of Board.</span></b></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Board shall comprise eight 
                                              members of proven ability in 
                                              industry and with particular 
                                              interest in the small-scale 
                                              industries sector.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The members of the Board shall 
                                              be appointed by the President on 
                                              the recommendation of the Minister 
                                              responsible for Industries, of 
                                              whom one shall be appointed to be 
                                              Chairman.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (3) The Chairman and the other 
                                              members of the Board shall hold 
                                              office on such terms and 
                                              conditions as the President may 
                                              determine.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) The Board may from time to 
                                              time co-opt other persons and 
                                              representatives of Organisations 
                                              or Institutions with special 
                                              interest pertaining to Small-Scale 
                                              Industries as ex officio members 
                                              of the Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) A person co-opted under this 
                                              section shall not have the right 
                                              to vote in any decision of the 
                                              Board.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=3></a>
                                              <span style="font-family: Arial">
                                              Section 3&#8212;Qualifications and 
                                              disqualifications of members of 
                                              Board.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (1) No person shall be qualified 
                                              to be a member of the Board who&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) is not a citizen of Ghana;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) has been adjudged or otherwise 
                                              declared&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">(i) 
                                              a bankrupt under any law in force 
                                              in Ghana and has not been 
                                              discharged;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (ii) to be of unsound mind; or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (c) being possessed of 
                                              professional qualification is 
                                              disqualified or suspended, 
                                              otherwise than at his own request, 
                                              from practising his profession in 
                                              Ghana by order of any competent 
                                              authority in respect of him 
                                              personally;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (d) has been convicted&#8212; </span>
                                              </p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">(i) 
                                              for high crime under the 
                                              Constitution or treason or for an 
                                              offence involving the security of 
                                              the State, fraud, dishonesty or 
                                              moral turpitude; or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (ii) for any other offence on 
                                              indictment; or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (e) has been found by the report 
                                              of a commission or a committee of 
                                              inquiry to be incompetent to hold 
                                              public office or in respect of 
                                              whom a commission or committee of 
                                              inquiry has found that while being 
                                              a public officer he acquired 
                                              assets unlawfully or defrauded the 
                                              State or misused or abused his 
                                              office or wilfully acted in a 
                                              manner prejudicial to the 
                                              interests of the State, and such 
                                              findings have not been set aside 
                                              on appeal or judicial review; or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (f) has had his property 
                                              confiscated as the result of the 
                                              findings of a commission or 
                                              committee of inquiry; and such 
                                              findings have not been set aside 
                                              on appeal or judicial review; or</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (g) is under sentence of death or 
                                              sentence of imprisonment imposed 
                                              on him by any court; or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (h) is otherwise disqualified by 
                                              any law for the time being in 
                                              force from holding public office.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (2) For the purposes of paragraph 
                                              (d) or (e) or (f) of subsection 
                                              (1) of this section if ten years 
                                              or more have elapsed since the end 
                                              of the sentence or the date of the 
                                              publication of the report of the 
                                              commission or committee of inquiry 
                                              or has been pardoned, that person 
                                              shall not be disqualified to be a 
                                              member of the Board by reason only 
                                              of the provisions of that 
                                              paragraph.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) Without prejudice to 
                                              subsection (1) of this section any 
                                              member of the Board shall cease to 
                                              be a member if&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) he is guilty of any unethical 
                                              behaviour or guilty of any serious 
                                              misconduct in respect of his 
                                              duties as a member of the Board 
                                              and such behaviour or misconduct 
                                              is certified in writing by not 
                                              less than two-thirds of the 
                                              members of the Board; or</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) he is absent from three or 
                                              more consecutive meetings of the 
                                              Board without sufficient reason; 
                                              or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (c) in the case of a person 
                                              possessed of professional 
                                              qualifications, he is disqualified 
                                              or suspended, otherwise than at 
                                              his request, from practising his 
                                              profession in Ghana or in any 
                                              other country by order of any 
                                              competent authority made in 
                                              respect of him personally.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>

                                              <span style="font-family: Arial">&nbsp;</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=4></a>
                                              <span style="font-family: Arial">
                                              Section 4&#8212;Functions of Board.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The functions of the Board 
                                              shall be&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) to establish the criteria that 
                                              constitute a small-scale industry;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) to identify and define the 
                                              types of small-scale industries in 
                                              the country;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (c) to assist the Minister 
                                              responsible for Industries in the 
                                              development and support of 
                                              small-scale industries;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (d) to implement policies in 
                                              relation to small-scale industries 
                                              duly approved by the Government;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (e) to design, develop and 
                                              implement specific plans of action 
                                              to meet the needs and expectations 
                                              of organised groups;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (f) to establish the 
                                              infrastructure required to 
                                              accelerate the implementation of 
                                              policies or execution of 
                                              programmes;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (g) to organise a field extension 
                                              network that will identify 
                                              projects, collect relevant data, 
                                              disseminate information and 
                                              provide feed-back;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (h) to render advice in relation 
                                              to the approval of applications 
                                              for the establishment of 
                                              small-scale industries as well as 
                                              advice on the approval of import 
                                              licences for small-scale 
                                              entrepreneurs.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">(i) 
                                              to co-ordinate through the 
                                              Minister responsible for 
                                              Industries the efforts of all 
                                              agencies, Ministries and donor 
                                              countries to ensure proper flow of 
                                              information and avoidance of 
                                              duplication of efforts and waste 
                                              of material resources;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (j) to encourage the formation of 
                                              associations, co-operatives or 
                                              groups and build industrial 
                                              estates or any other organisations 
                                              deemed beneficial to small-scale 
                                              industries development;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (k) to control through the 
                                              Ministry responsible for 
                                              Industries the inflow and outflow 
                                              of all foreign aid and foreign 
                                              loans granted by donor countries 
                                              for the development of small-scale 
                                              industries;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (l) to monitor through the 
                                              Ministry responsible for 
                                              Industries, the utilization of all 
                                              funds derived from Ghana 
                                              Government budget and subsidies 
                                              earmarked for small-scale 
                                              industries;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (m) to approve the funding of all 
                                              projects for amounts within the 
                                              financial limits determined by the 
                                              Minister responsible for 
                                              Industries;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (n) to appoint agencies that shall 
                                              implement specific programmes in 
                                              the areas of finance, technology 
                                              and management development, define 
                                              their role and determine their 
                                              responsibilities and duties;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (o) to assign to the appropriate 
                                              agencies the implementation of 
                                              projects and programmes 
                                              commensurate with their terms of 
                                              reference and their ability to 
                                              implement such projects and 
                                              programmes;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (p) to assist the implementing 
                                              agencies to improve their 
                                              capabilities and overcome their 
                                              weaknesses so as to provide better 
                                              service to the organised groups;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (q) to ensure that all assignments 
                                              delegated to the implementing 
                                              agencies are duly fulfilled;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (r) to ensure that all programmes 
                                              related to the development of 
                                              small-scale industries meet the 
                                              national objectives.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) No other organisation shall 
                                              perform any of the functions 
                                              mentioned in subsection (1) of 
                                              this section without prior 
                                              consultation with, and approval 
                                              of, the Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">
                                              <a name=5></a>

                                              Section 5&#8212;Executive and Deputy 
                                              Executive Directors.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Board shall have the 
                                              following officers who shall be 
                                              appointed by the President on the 
                                              advice of the Minister responsible 
                                              for Industries&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) an Executive Director; and</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) a Deputy Executive Director.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The terms and conditions of 
                                              employment of the Executive 
                                              Director and the Deputy Executive 
                                              Director shall be determined by 
                                              the Minister responsible for 
                                              Industries on the advice of the 
                                              Public Services Commission.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=6></a>
                                              <span style="font-family: Arial">
                                              Section 6&#8212;Functions of Executive 
                                              and Deputy Executive Directors.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Executive Director in 
                                              co-operation with the technical 
                                              staff of the Board and the 
                                              implementing agencies shall&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) execute all the functions of 
                                              the Board and any other functions 
                                              assigned to him by the Board;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) appoint the appropriate 
                                              implementing agencies to conduct 
                                              research and analyse statistical 
                                              information on local sources of 
                                              raw materials to be used in 
                                              substitution for imported inputs 
                                              and to establish the percentage of 
                                              the total cost representing 
                                              imported raw materials unavailable 
                                              locally;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (c) develop an effective export 
                                              promotion programme for 
                                              small-scale industries and 
                                              handicraft products;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (d) interpret Government policies 
                                              and programmes to interested 
                                              organisations, groups and 
                                              individuals;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (e) identify opportunities 
                                              possible for small-scale 
                                              industries in urban and rural 
                                              areas by contacting private and 
                                              public companies in Ghana and 
                                              identifying their requirements;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (f) assess present and future 
                                              manpower training requirements for 
                                              small-scale industries;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (g) identify constraints imposed 
                                              on small-scale industries 
                                              respecting high taxation, lack of 
                                              credit, lack of borrowing 
                                              facilities, high rates of interest 
                                              and conflicting government 
                                              policies for small-scale 
                                              industries;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (h) study and evaluate economic 
                                              opportunities in various fields of 
                                              small-scale industries and to 
                                              establish the needs and objectives 
                                              of organised groups at the 
                                              regional, district and village 
                                              levels;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">(i) 
                                              help establish and maintain data 
                                              bank of knowledge relating to 
                                              central, regional and district 
                                              policies, strategies, action plans 
                                              and programmes for the development 
                                              of economic opportunities that 
                                              contribute to or support 
                                              small-scale industrial 
                                              development;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (j) assess or help determine the 
                                              amounts of capital investment 
                                              required for machinery, equipment, 
                                              tools and the technical assistance 
                                              required to support small-scale 
                                              industries in co-operation with 
                                              the appropriate technology 
                                              institutes;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (k) assess the level of 
                                              technology, the skills of the 
                                              technicians, the productive 
                                              capacity of machines, the proper 
                                              use of equipment and tools, the 
                                              maximum utilization of existing 
                                              method of production for 
                                              small-scale industrialists who 
                                              have sought the help of the Board;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (l) evaluate the present 
                                              productivity of small-scale 
                                              industries and devise, with the 
                                              co-operation of existing technical 
                                              research institutes ways and means 
                                              to increase productivity; and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (m) report and recommend to the 
                                              Board all actions taken in 
                                              exercise of the foregoing 
                                              functions.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Deputy Executive Director 
                                              shall assist the Executive 
                                              Director in the performance of his 
                                              functions under this Act.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">
                                              <a name=7></a>

                                              Section 7&#8212;Staff of Board.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              The Board shall employ such 
                                              officers and employees as it may 
                                              reasonably require for the 
                                              efficient discharge of its 
                                              functions, subject to such terms 
                                              and conditions as may be 
                                              determined by the Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <a name=8></a>
                                              <b>
                                              <span style="font-family: Arial">
                                              Section 8&#8212;Regulation of Business.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) Meetings of the Board shall be 
                                              convened by the Chairman or by not 
                                              less than four members of the 
                                              Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (2) At every meeting of the Board 
                                              the Chairman of the&nbsp; Board shall 
                                              preside and in his absence a 
                                              member chosen for that purpose by 
                                              a majority of members present 
                                              shall preside.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) The quorum of the Board shall 
                                              be four.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (4) Subject to subsection (1) of 
                                              this section the Board shall 
                                              regulate its own procedure.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) The Board shall meet at least 
                                              once every quarter.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=9></a>
                                              <span style="font-family: Arial">
                                              Section 9&#8212;Validity of Proceedings.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              The proceedings of the Board shall 
                                              not be invalidated by any vacancy 
                                              in the membership of the Board or 
                                              any defect in the appointment or 
                                              qualification of any member.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=10></a>
                                              <span style="font-family: Arial">
                                              Section 10&#8212;Funds.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The funds of the Board shall 
                                              include&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) any grants received from the 
                                              Government by the Board for the 
                                              discharge of its functions;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) any loans granted to the Board 
                                              by the Government;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (c) any grants received from the 
                                              United Nations Organisation, any 
                                              international organisation or 
                                              other foreign sources;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (d) any moneys accruing to the 
                                              Board in the course of the 
                                              performance of its functions under 
                                              this Act; and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (e) gifts.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) All sums of money received on 
                                              account of the Board may be paid 
                                              into such banks as may be approved 
                                              by the Board for the credit of the 
                                              Board's general current or deposit 
                                              account, so however, that the 
                                              Board may invest as it deems fit 
                                              any moneys not required for 
                                              current use.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">
                                              <a name=11></a>
                                              Section 11&#8212;Accounts and Audit.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Board shall&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) cause proper Book of accounts 
                                              and other records in relation 
                                              thereto to be kept;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) prepare an annual statement of 
                                              accounts in such form and 
                                              containing such particulars as the 
                                              Auditor-General may from time to 
                                              time direct, or as may be required 
                                              to satisfy its undertakings or 
                                              engagements.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Accounts of the Board 
                                              shall be audited annually by the 
                                              Auditor-General, who shall make a 
                                              report thereon to the Government.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <a name=12></a>
                                              <span style="font-family: Arial">
                                              Section 12&#8212;Annual Report.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Board shall annually, not 
                                              later than six months after the 
                                              end of its financial year, prepare 
                                              and submit through the Minister 
                                              responsible for Industries to the 
                                              Government, a report on its 
                                              activities during the preceding 
                                              year.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The financial year of the 
                                              Board shall be the same as that of 
                                              the Government.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">
                                              <a name=13></a>
                                              Section 13&#8212;Minister responsible 
                                              for Board.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Subject to the provisions of this 
                                              Act the Minister responsible for 
                                              Industries shall be responsible 
                                              for the Board.</span>