Republic of Namibia 4 Annotated Statutes Posts and Telecommunications Companies Establishment Act 17 of 1992 (a) a postal company to conduct a postal service and the supplementary services, and which shall be known as Namibia Post Limited; (b) a telecommunications company to conduct a telecommunications service, and which shall be known as Telecom Namibia Limited; and (c) a holding company which shall hold the shares in the postal company and the telecommunications company, and which shall be known as Namibia Post and Telecom Holdings Limited. (2) On the issue by the Registrar of Companies of the certificates referred to in subsection (4), the corporate bodies established by subsection (1) shall be deemed to be public companies incorporated under the Companies Act. (3) The Minister shall submit to the Registrar of Companies the memoranda and articles of association of the successor companies for registration and shall on behalf of the State sign all documents that are required to be signed by the promoters of the successor companies. (4) The Registrar of Companies shall register the memoranda and articles of association referred to in subsection (3) and issue certificates that the successor companies are incorporated as public companies under the Companies Act and certificates entitling the successor companies to commence business. (5) The Registrar of Companies shall issue such directives and authorise such deviations from the regulations made under the Companies Act and the documents prescribed in terms thereof as he or she may consider necessary in order to give effect to the provisions of this section. (6) No registration fee or any other fee payable in terms of the Companies Act shall be payable in respect of the registration of the successor companies. (7) The Postmaster-General shall be appointed as the first director of each successor company and shall occupy the office of director until the date immediately preceding the transfer date. (8) (a) The postal company and the telecommunications company shall upon incorporation each issue one share with a nominal value of one Rand to the holding company; (b) The holding company shall upon incorporation issue one share with a nominal value of one Rand to the State. (9) The memoranda of association of the postal company and the telecommunications company shall inter alia provide that the company and its subsidiaries (a) shall have as its main object and main business – (i) in the case of the postal company, to conduct a postal service and the supplementary services; and (ii) in the case of the telecommunications company, to conduct a telecommunications service;