NAME, OBJECTS, PRINCIPAL OFFICE AND POWERS OF COMMITTEE

The name of the Exchange shall be THE BOTSWANA STOCK EXCHANGE, hereinafter referred to as “the Exchange”.
The principal object of the Exchange shall be to operate a Stock Exchange in Botswana with due regard to the public interest, and to maintain fair and efficient dealing in securities for the protection of investors and to regulate the affairs of members.
The principal office of Exchange shall be situated in Gaborone or at such other place as the Committee may determine.<
Without prejudice to the provisions of Section 15 of the Act and the powers of the Exchange as a corporate body and without prejudice to the generality of its power of full management and control of the affairs of the Exchange, the Committee shall have
power.

• generally, to expend the funds of the Exchange, in its discretion, to the best advantage of its members and the Exchange generally;
• to purchase, take on lease, exchange, hire or otherwise acquire any moveable or immovable property or any rights or privileges necessary or convenient to the purposes of the Exchange;
• to sell, improve, manage, lease, mortgage, dispose of, turn to account or otherwise deal with any part of the property, moveable or immovable, or rights of the Exchange;
• to construct, alter, repair and maintain any buildings required for the purposes of the Exchange;
• to invest the funds of the Exchange not immediately required, upon such security or securities, if any, and on such terms and in such manner as may be deemed expedient;
• to guarantee or become liable for the payment of money by suretyship or otherwise or for the performance of any obligations by indemnity or otherwise and generally to transact all kinds of guarantee business;
• to enter into such contracts and do such acts and things as it thinks expedient for the purposes of the Exchange…