Academy of Science of South Africa, 2001 (Act No. 67 of 2001)

19. Transitional provisions
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(1)The council of "Die Suid-Afrikaanse Akademie vir Wetenskap en Kuns" may form a company in terms of section 21 of the Companies Act, 1973 (Act No. 61 of 1973), or establish any other legal entity.

 

(2)All  assets,  rights and obligations of the council of "Die  Suid-Afrikaanse Akadernie vir Wetenskap en Kuns" shall, upon its dissolution, devolve upon the  Suid-Afrikaanse Akadernie vir Wetenskap en Kuns Company or legal entity contemplated in subsection (1) without formal transfer and without payment of any fees, duties, taxes or other charges.

 

(3)Every  employee  of  "Die Suid-Afrikaanse Akadernie  vir Wetenskap en Kuns" immediately prior to the date of commencement of this Act becomes an employee of the Suid-Afrikaanse Akademie vir Wetenskap en Kuns Company or legal entity contemplated in subsection (1) upon the commencement of this Act, on the same conditions of service as before.

 

(4)All the rights and obligations existing between "Die Suid-Afrikaanse Akademie vir Wetenskap en Kuns" and each of its employees immediately prior to the date of commencement  of this Act continue in force as if they  were rights  and obligations between the Suid-Afrikaanse Akademie vir Wetenskap en Kuns Company or legal entity and each such employee.

 

(5)The change of the name of the employer from ''Die Suid-Afrikaanse Akademie vir Wetenskap en Kuns" to the Suid-Afrikaanse Akadernie  vir Wetenskap en Kuns Company or legal entity does not interrupt the continuity of service of any employee and must, for all purposes, be regarded as not being a change of employer.

 

(6)The Council of a voluntary association known as the Academy of Science of South Africa immediately prior to the date of commencement of this Act becomes the first Council of the Academy for a period not exceeding three years from the date  of commencement of this Act.

 

(7)All persons who immediately before the date of commencement of this Act were members of the Academy of Science of South Africa referred to in subsection (6) are regarded as having been duly elected to the Academy in accordance with section 5.