Section 13A: Interest in corporate body
This section is inserted by Act No 18 of 2016, section 6.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
13A. Interest in corporate body
The Board may, for the purpose of its activities, directly
or through any company set up under section 10(2) –
(a) acquire or hold any interest in any corporate body;
(b) e nter into agreements with any corporate body,
and take over the property, rights, privileges and
liabilities of any such body.
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Questions this section answers
- Can the Central Electricity Board hold shares or an interest in another company?