Clause 3

by deleting subsection (2) and substituting the following subsection:“(2) The Board shall be a body corporate with perpetual succession and a common seal, with power, subject to the provisions of this Act —

to sue and be sued in its corporate name;

to acquire and dispose of property, both movable and immovable; and

to perform such other acts as bodies corporate may by law perform.”; and

by inserting, immediately after subsection (5), the following subsection:“(5A) The Board may, with the approval of the Minister, form or participate in the formation of any company, or enter into any joint venture or partnership, for the purposes of —

this Act; or

carrying out all or any of the following:

the functions and duties of the Board;

any thing which the Board may engage in under section 76(1)(a) or (b).”.