SECTION PART I.- PRELIMINARY 1. Short title 2 ... - Lexadin

"resident in Nigeria", in relation to a company, means a company the
control and management of the business of which are exercised in
Nigeria;
"royalties" means and includes-
1967 No. 1
(a) the amount of any rent as to which there is provision for its
deduction from the amount of any royalties under an oil
prospecting licence or oil mining lease to the extent that such
rent is so deducted; and
(b) the amount of any royalties payable under any such licence or
lease less any such rent deducted from those royalties;
"tax" means chargeable tax.
Part II – Administration
Powers and
duties of the
Board
3. Subject to the provisions of this Act-
(a) the due administration of this Act and the tax shall be under
the care and management of the Board who may do all such acts
as may be deemed necessary and expedient for the assessment
and collection of the tax and shall account for all amounts so
collected in a manner to be prescribed by the Minister;
(b) whenever the Board shall consider it necessary with respect to
any tax due, the Board may acquire, hold and dispose of any
property taken as security for or in satisfaction of any tax or of
any judgment debt due in respect of any tax and shall account for
any such property and the proceeds of sale thereof in a manner to
be prescribed as aforesaid;
(c) the Board may sue and be sued in its official name and,
subject to any express provision under any subsidiary legislation
or otherwise, the Board may authorise any person to accept
service of any document to be sent, served upon or delivered to
the Board and to represent the Board in any proceedings;
(d) subject to such conditions as the Board may specify the Board
may by notice in the Federal Gazette direct that any information,
return or documents required to be supplied, forwarded or given
to the Board may be supplied to such other person whether within
or without Nigeria as the Board may direct;
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