Mwanaukweli
JF-Expert Member
- May 18, 2007
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Naona tuangalie sheria zinazoongoza mambo haya:
Sheria inayoongoza makampuni yanayopokea fedha za watu na kuzalisha ni
1. The Authority may authorise collective investment schemes for the purposes of this Part.
2. Any such authorisation may be granted subject to such terms and conditions as the Authority considers to be necessary or desirable for the protection of investors.
3. The Minister may make regulations for or with respect to
5. A person who enters into or offers to enter into any agreement for or with a view to acquiring, disposing of or subscribing for any shares units or other securities representing an interest in a collective investment scheme that is not authorised under this Part, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one million shillings or to imprisonment for a term not exceeding five years or to both.
116. Restriction of promotion
A person who
117. Authorised collective investment scheme No person shall set up or manage any collective investment scheme in Tanzania unless
118. Application to operate a collective investment scheme
1. Every person who proposes to set up or operate a collective investment scheme in Tanzania shall make an application to the Authority.
2. No application shall be made by any person unless he is the Manager or trustee or custodian or the proposed manager or trustee or custodian of the scheme.
3. Every application shall be made in such form and contain such information as the Authority may determine or as may be prescribed.
4. Authority may
128. Submission of reports
(1) The Manager shall submit an annual report of a collective investment scheme to the Authority within three months of the closing of accounts in every year and such other periodic information, returns and reports as may be prescribed.
(2) The Annual Report shall contain the following
129. Offences Subject to sections 115 and 116 any person who contravenes any provisions of this Part or any regulation made under it shall commit an offence and shall, on conviction be liable to a fine not exceeding five hundred thousand shillings and to imprisonment for a term not exceeding two years or both the fine and imprisonment.
Angalia vema sehemu zenye rangi tofauti.
Kama nchi yetu ni ya utawala wa sheria, tukubali ituongoze. Lakini tuelimike juu ya hatari za PONZI scheme kama zilivyofafanuliwa vizuri katika thread hii.
Mwaka 1997 Zilitolewa regulations za Collective Investment Schemes.
Naweka attachment yake hapa ya pdf.
Sheria inayoongoza makampuni yanayopokea fedha za watu na kuzalisha ni
Capital Markets And Securities Act [PRINCIPAL LEGISLATION]Acts Nos.5 of 1994
PART XI COLLECTIVE INVESTMENT SCHEMES (ss 115-129)
115. Authorisation and regulation of schemes PART XI COLLECTIVE INVESTMENT SCHEMES (ss 115-129)
1. The Authority may authorise collective investment schemes for the purposes of this Part.
2. Any such authorisation may be granted subject to such terms and conditions as the Authority considers to be necessary or desirable for the protection of investors.
3. The Minister may make regulations for or with respect to
a) the criteria for and conditions of any authorisation for the purposes of this Part;
b) the establishment and operation of a collective investment scheme;
c) the promotion, marketing and distribution of shares, units or other securities representing the rights or interests of participants in a collective investment scheme;
d) the administration of collective investment schemes;
e) the provisions by any body corporate or individual of trustee, custodial and related services, or any other services, for or in connection with collective investment schemes,
4. Without limiting the generality of subsection (3), regulations made for the purposes of that subsection with respect to any aspect of or matter concerning a collective investment scheme may be made to differ according to whether the scheme is operated by a unit trust or by an open-ended investment company or another kind of investment company. b) the establishment and operation of a collective investment scheme;
c) the promotion, marketing and distribution of shares, units or other securities representing the rights or interests of participants in a collective investment scheme;
d) the administration of collective investment schemes;
e) the provisions by any body corporate or individual of trustee, custodial and related services, or any other services, for or in connection with collective investment schemes,
5. A person who enters into or offers to enter into any agreement for or with a view to acquiring, disposing of or subscribing for any shares units or other securities representing an interest in a collective investment scheme that is not authorised under this Part, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one million shillings or to imprisonment for a term not exceeding five years or to both.
116. Restriction of promotion
A person who
a) issue or causes to be issued any advertisement or invitation inviting persons to become or offer to become participants in a collective investment scheme that is not authorised under this Part or containing information calculated to lead directly or indirectly to persons becoming or offering to become participants in such a scheme; or
b) advises or procures any person to become or offer to become a participant in such a scheme; shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one million shillings or to imprisonment for a term not exceeding five years or both.
b) advises or procures any person to become or offer to become a participant in such a scheme; shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one million shillings or to imprisonment for a term not exceeding five years or both.
117. Authorised collective investment scheme No person shall set up or manage any collective investment scheme in Tanzania unless
a) the scheme is authorised by the Authority; and
b) the manager and trustee/custodian of the scheme are
b) the manager and trustee/custodian of the scheme are
i. authorised by the Authority, upon application made in writing to act as manager or trustee/custodian, regard being had to their financial standing, their knowledge and experience of investment business and their honesty and integrity;
ii. corporate bodies designated as such in the scheme; and
iii. independent of each other.
ii. corporate bodies designated as such in the scheme; and
iii. independent of each other.
118. Application to operate a collective investment scheme
1. Every person who proposes to set up or operate a collective investment scheme in Tanzania shall make an application to the Authority.
2. No application shall be made by any person unless he is the Manager or trustee or custodian or the proposed manager or trustee or custodian of the scheme.
3. Every application shall be made in such form and contain such information as the Authority may determine or as may be prescribed.
4. Authority may
a) call for such additional information as it may require for any purpose under this Part; and
b) direct that any information supplied shall be verified in such manner as it may require
.b) direct that any information supplied shall be verified in such manner as it may require
128. Submission of reports
(1) The Manager shall submit an annual report of a collective investment scheme to the Authority within three months of the closing of accounts in every year and such other periodic information, returns and reports as may be prescribed.
(2) The Annual Report shall contain the following
(a) the manager's investment report;
(b) a statement of assets and liabilities;
(c) a statement of income and distribution;
(d) a copy of the auditor's report on the accounts of the scheme; and
(e) such other particulars as the Minister may prescribe.
(3) Without prejudice to subsection (1), the Manager and Custodian of a collective investment scheme shall furnish to the Authority such periodic reports, returns and information on the activities and operations of the scheme as may be prescribed. (b) a statement of assets and liabilities;
(c) a statement of income and distribution;
(d) a copy of the auditor's report on the accounts of the scheme; and
(e) such other particulars as the Minister may prescribe.
129. Offences Subject to sections 115 and 116 any person who contravenes any provisions of this Part or any regulation made under it shall commit an offence and shall, on conviction be liable to a fine not exceeding five hundred thousand shillings and to imprisonment for a term not exceeding two years or both the fine and imprisonment.
Angalia vema sehemu zenye rangi tofauti.
Kama nchi yetu ni ya utawala wa sheria, tukubali ituongoze. Lakini tuelimike juu ya hatari za PONZI scheme kama zilivyofafanuliwa vizuri katika thread hii.
Mwaka 1997 Zilitolewa regulations za Collective Investment Schemes.
Naweka attachment yake hapa ya pdf.
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