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Federal Negarit Gazette No. 82, 12th August, 2019 …....page 11551
c) other sources.
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2/ The financial administration of the Authority
shall be governed by the Federal Financial
Administration Proclamation No. 648/2009
(as amended) and Regulations and
Directives issued there under.
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3/ Funds supplied for the Authority’s budget as
described in Sub-Article (1) of this Article
shall be deposited in a bank account opened
in the name of the Authority and shall be
expended for the performance of the
Authority’s functions.
63.
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18. Books of Accounts
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1/ The Authority shall keep complete and
accurate books of accounts.
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2/ The books of accounts and other financial
documents of the Authority shall be audited
annually by the Federal Auditor General or
by an Auditor designated by him.
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PART THREE
REQUIREMENT AND CONDITIONS OF A
LICENSE
19. Investment
1/ Notwithstanding the terms of any other law,
telecommunications services, including
ownership of a Telecommunications
Operator
or
a
Telecommunications
Network, shall be open without limitation to
private investors including both domestic
investors and foreign investors.
2/ Without prejudice to Sub-Article (1) of
Article, the number of new entrants,
conditions and time for issuance of
licenses shall be determined by
government.
this
the
the
the
20. Communications Services License
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1/ No person may operate a communications
service without obtaining a license from the
Authority.
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2/ The Authority shall issue licenses for the
operation and provision of communications
service by way of class or individual
licenses on such terms and conditions as the
Authority may from time to time determine,
including the term of the license.
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