Section 13: Raising of funds
consolidated text (as at 1985, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
13. Raising of funds
Subject to the approval of the Minister, the Corporation may—
(a) raise funds upon such terms and conditions as the Board may
determine by—
(i) negotiations of loans within or outside Mauritius;
(ii) the issue of shares, debentures or certificates of
indebtedness;
(iii) negotiations or arrangements with any bank for overdraft
facilities;
(b) secure the repayment of any fund raised under paragraph (a) by a
charge or mortgage over the whole or part of its assets or otherwise as the Board thinks fit.
[Issue 1] N25 – 4