JAMAICA PROMOTIONS CORPORATION ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interpretation

 

Establishment and Functions of Corporation

   3   Establishment of the Corporation

   4   Functions of the Corporation

   5   Keeping of register

   6   General powers of the Corporation to transact business

   7   Appointment of officers and servants

   8   Obligation for secrecy

   9   Power of Minister to issue general! directions to Corporation

   10   Disposal of capital assets

 

Financial

   11   Funds and resources of the Corporation

   12   Borrowing powers

   13   Guarantee by Minister of borrowings by Corporation and repayment of sums issued to meet guarantees

   14   Investments

   15   Accounts and audit

   16   Reports and estimates

 

General

   17   Regulations

   18   Exemption from stamp duties, etc

   19   Savings

      SCHEDULE

 

THE JAMAICA PROMOTIONS CORPORATION ACT

[Date of Commencement: 26th April, 1990]

Act 7 of 1990.

1   Short title

   This Act may be cited as the Jamaica Promotions Corporation Act.

2   Interpretation

   In this Act, unless the context otherwise requires-

   "chairman" means the chairman of the Corporation;

   "Corporation" means the Jamaica Promotions Corporation established by section 3;

   "functions" includes powers and duties;

   "President" means the President of the Corporation;

   "Vice-President" means the Vice-President of the Corporation.

Establishment and Functions of Corporation

3   Establishment of the Corporation

   (1) There shall be established for the purposes of this Act a body to be called the Jamaica Promotions Corporation, so, however, that it shall be lawful for the word "JAMPRO" to be used in such manner as the Corporation may approve as its name in any communications or documents or in any proceedings.

   (2) The provisions of the Schedule shall have effect as to the constitution of the Corporation and otherwise in relation thereto.

4   Functions of the Corporation

   It shall be the duty of the Corporation to-

   (a)   stimulate, facilitate and promote the development in the Island of-

         (i)   trade and industry;

         (ii)   export trade; and

         (iii)   investment activities in all sectors of the Island's economy;

   (b)   promote the establishment and development of such activities in connection with the discharge of its duty under paragraph (a) as, in the opinion of the Corporation, may be necessary or expedient in the national interest, including (without prejudice to the generality of the foregoing) research, training and consultant activities, the sponsoring of trade fairs and trade missions, the compilation and issue of journals, bulletins and other publications;

   (c)   promote the carrying on of the activities referred to in paragraphs (a) and (b) by other bodies or persons, and, for that purpose, to establish or expand or promote the establishment or expansion of, other bodies to carry on such activities either under the control or partial control of the Corporation or independently, and to give assistance (including financial assistance) to such other bodies or to other bodies or persons appearing to the Corporation to have facilities for the carrying on of such activities;

   (d)   carry on such activities as aforesaid in association with other bodies or persons (including Government authorities) or as managing agents or otherwise on their behalf.

5   Keeping of register

   (1) The Corporation shall, for the purposes of the discharge of its duties under section 4, cause to be kept a register (to be known as the Register of Approved Exporters) of the names, addresses and such other particulars as may be prescribed, of such exporters as are approved by the Corporation and apply in the prescribed manner to be so registered.

   (2) The register referred to in subsection (1) shall be open to inspection by any member of the public at all reasonable times and a copy of the register shall be published in the Gazette at such times and in such manner as may be prescribed.

6   General powers of the Corporation to transact business

   (1) The Corporation may do anything and enter into any transaction (whether or not involving expenditure, borrowing or investment of money in accordance with the provisions of this Act, the acquisition of any property or rights, or, subject to section 10, the disposal of any property or rights) which in the opinion of the Corporation is necessary or desirable for the proper discharge of its functions.

   (2) The powers conferred upon the Corporation by subsection (1) include (without prejudice to the generality of that subsection) a power to construct, maintain and operate such factories as the Corporation considers necessary or desirable for the proper discharge of its functions under this Act:

7   Appointments of officers and servants

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.