No. 4378
Act No. 8, 2009
Government Gazette 16 November 2009
19
COMMUNICATIONS ACT, 2009
(2)
No transfer duty, stamp duty or any other duty or tax is payable in
respect of such transfer.
Financial year
25.
The financial year of the Authority is from 1 April to 31 March in the
following year.
Annual Report
26.
(1)
As soon as possible after the end of each financial year the
Chief executive officer must produce an annual report of the Authority for the preceding
financial year.
(2)
The report must contain –
(a)
a full description of the actions taken in the previous financial year in
order to achieve the objects of this Act set out in section 2;
(b)
recommendations for legislative and regulatory changes that
are appropriate to address the condition of the development of
telecommunications and the development of competition in the sector
or otherwise further the purposes of this Act;
(c)
a balance sheet, an income statement and a cash-flow statement which
is a true and correct reflection of the state of affairs of the Authority as
at the end of that financial year; and
(d)
a report by the auditor who audited the accounts of the Authority stating
whether the Authority’s report fairly represents the financial position
and results obtained by the Authority in accordance with generally
accepted accounting practice.
(3)
The annual report must be submitted to the Board, which may make
such amendments to the report as it thinks fit.
(4)
The Board must approve the annual report within six months from the
end of the financial year to which the report relates.
(5)
After the annual report has been approved by the Board, it must be
submitted by the Chief executive officer to the Minister.
(6)
The Minister must table the annual report within 14 days from the
receipt thereof in the National Assembly, if it is then in ordinary session or within 14
days from the commencement of the next ordinary session, if the Assembly is not in
ordinary session.
CHAPTER III
PROCEDURAL MATTERS
Public availability of information
27.
(1)
The Authority must take such measures as are necessary to
ensure that the public has access to documents containing information relating to –