Section 11: Restriction on undertakers’ capital
consolidated text (as at 2016). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
11. Restriction on undertakers’ capital
An undertaker shall not alter the form or amount of his or its loan or share
capital, or fix the terms of issue of new capital proposed to be raised, without the consent in writing of the Board, and the undertaker requiring that
consent shall furnish to the Board particulars of the amount, purposes, nature and circumstances of such additions, alterations, and such other particulars, as the Board may require.