Rev. 2011]
Kenya Information and Communications
CAP. 411A
101
the licence and replaced by licences granted under this Act.
3. The Board of Directors of the former Corporation shall
Winding up of former
remain in office for the purpose of winding up the affairs of the former Corporation.
Corporation:
Provided that the Minister may by notice in the Gazette dissolve
the Board of Directors referred to in this subsection upon the completion
of the winding up of the affairs of the former Corporation.
4. The exclusive privilege conferred upon the former Corporation Cessation of
exclusive privilege.
by the Kenya Posts and Telecommunications Corporation Act (now
Cap. 411.
repealed) with respect to providing—
(a) telephone services and constructing, maintaining and
operating telephone apparatus conferred on the former
Corporation by section 59 (1); and
(b) telegraph services and of constructing, maintaining and
operating telephone apparatus conferred on the former
Corporation by section 70;
shall lapse upon the commencement of this provision.
5. (1) The Minister for Finance may by notice in the Gazette, Transfer of assets
specify the date or dates and the manner in which the assets and liabilities and liabilities of the
former Corporation.
of the former Corporation shall be transferred to and vested in—
(a) the Commission, in respect of assets and liabilities relating
to regulatory services;
(b) the Company, in respect of assets and liabilities relating to
telecommunication services; and
(c) the Corporation, in respect of assets and liabilities relating
to postal services.
(2) References in this Schedule to assets and liabilities of the
former Corporation shall be references to all such assets and liabilities,
whether or not capable of being transferred or assigned by the former
Corporation.
(3) A notice under subsection (1) shall specify the assets and
liabilities of the former Corporation which are to be transferred to the
Commission, the Company, or the Corporation, as the case may be.
(4) If, on the vesting day, any suit, appeal, arbitration or other