Section 15: Capital of Corporation
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Capital of Corporation
(1) The initial capital of the Corporation shall be the net value of the assets vested in the Corporation under section 16 (1) and (2).
(2) The initial capital of the Corporation may be increased by such amount
as may be determined by the Board, with the approval of the Minister.
(3) The amount of any increase of the capital of the Corporation under
subsection (2) shall be paid to the Corporation out of—
(a) the Capital Fund in such instalments as the Minister may, after
consultation with the Board, determine;
(b) such other money whether consisting of reserves, undistributed
profits or other funds at the disposal of the Corporation as the
Minister may approve.
O8 – 5 [Issue 1]