Skills Development Act, 1998 (Act No. 97 of 1998)

Constitutions

Constitution of Wholesale and Retail Sector Education and Training Authority (W&R SETA)

4. Legal Status
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4.1The W&R SETA is a body corporate with an identity and existence distinct from its office bearers or Board members. It will continue to exist notwithstanding changes in the composition of its Board members. It may sue and/or be sued in its own name and is capable of being a bearer of its own rights, and obligations.

 

4.2It is an association not for gain.

 

4.3The income and the property of the W&R SETA, where-so-ever derived, shall be applied solely towards the promotion of its objects, and no portion thereof shall be paid, transferred or distributed, directly or indirectly, by way of dividend, bonus, or otherwise howsoever, to the Board members of the W&R SETA, provided that nothing herein contained shall prevent the payment in good faith of reasonable compensation in return for any services actually rendered to the W&R SETA. None of the Board members has any rights in the property or other assets of the W&R SETA solely by virtue of their being Board members