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Corporate capacity
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10. (1) The regulator shall—
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(a) be a body corporate with perpetual succession and an official seal,
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(b) have power to sue, and may be sued, in its corporate name, and
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(c) have power to acquire, hold and dispose of land or an interest in land, and to acquire, hold and dispose of any other property, but the power under this paragraph may be exercised only with the consent of the Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform.
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(2) The regulator shall have a seal and may authorise any of the following to authenticate the official seal by signature:
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(a) the chairperson;
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(b) any other member of the regulator;
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(c) the chief executive;
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(d) any other member of staff of the regulator.
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(3) Judicial notice shall be taken of the seal of the regulator and an instrument that purports—
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(a) to be an instrument made by the regulator, and
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(b) to be sealed and authenticated in accordance with this section,
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shall be received in evidence and deemed to be a sealed and authenticated instrument without further proof, unless the contrary is shown.
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(4) Any contract or instrument, which if entered into or executed by a person not being a body corporate would not require to be under seal, may be entered into or executed on behalf of the regulator by a person authorised (generally or specially) in that behalf by the regulator.
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