Caroni (1975) Limited and Orange Grove National Company Limited (Divestment) Act, 2005 (No. 25 of 2005).
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LEX-FAOC071236
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This Act transfers real estate undertakings from the Caroni (1975) Limited and Orange Grove National Company Limited, both wholly owned state enterprises, to the State. The Minister may, by Order, transfer to or vest in the Sugar Manufacturing Company ("Company"), all or any part of the operational undertakings necessary for the Company to undertake the sugar cane processing and sugar refining business conducted by Caroni and not already leased to or forming part of lands leased to or otherwise vested in the Company. Notwithstanding the State Lands Act, the Manager of the Company shall be responsible for the development of the real estate undertakings in accordance with this Act.
