No. 4378
Government Gazette 16 November 2009
Act No. 8, 2009
41
COMMUNICATIONS ACT, 2009
Reporting requirements
55.
(1)
The Authority may require the filing of annual or occasional
reports from all or any class of licensees.
(2)
The Authority may require that such reports include –
(a)
the amount of capital stock issued, the amount and privileges of each
class of stock, the amounts paid therefor and the manner of payment for
the same, the dividends paid and any surplus capital;
(b)
the debts of the company and the interest paid thereon;
(c)
the names and addresses of all persons who owns at least one percent
of such stock;
(d)
the names and addresses of the directors and officers, and the
compensation paid to each;
(e)
the earnings and expenses from all sources, and a complete exhibit of
the financial operations of the company each year.
(3)
The books of accounts, accounting records and financial statements
provided to the Authority must be audited annually by a person duly registered as an
accountant and auditor under the Public Accountants and Auditors Act, 1951 (Act No.
51 of 1951).
PART 4
UNIVERSAL SERVICE
Universal Service Fund
56.
(1)
There is hereby established a fund to be known as the
“Universal Service Fund”.
(2)
The Authority may by regulation, after having followed a rule-making
procedure, impose a universal service levy to be paid into the Universal Service Fund.
(3)
The provisions of section 23(2) and 23(3) apply with the necessary
changes required by the context to the universal service levy.
(4)
The money in the Universal Service Fund may only be utilised –
(a)
in order to defray the expenses directly relating to the administration,
control and accounting for the Universal Service Fund;
(b)
for the purposes of paying subsidies to licensees to subsidise the
provision of services or the provision of infrastructure for the purpose
of providing universal service.
Provision of universal service
57.
(1)
The Authority may after having followed a rule-making
procedure, prescribe which telecommunications services are the minimum set of
services that should be made available by licensees.