Section 22: Directions to the initial holding company.

(1) The National Council on Privatisation may give the Board of Directors of the initial holding company directions in writing in order to ensure the proper transfer of the assets and liabilities of the initial holding company to the designated successor companies or other transferees, and the Board of Directors shall, without delay, comply with every such direction.
(2) Without derogation from subsection (1), directions given under that subsection may provide for:
(a) the cessation of any or all functions of the initial holding company and its voluntary liquidation;
(b) the termination of any contract entered into between the initial holding company and any person, provided that no such direction shall authorise the initial holding company to commit an unlawful breach of any such contract; and
(c) the production of any report and the provision of any information concerning the conduct of the initial holding company or the Board of Directors of the initial holding company or anything done by or on behalf of the initial holding company or the Board of Directors of the initial holding company.