Section 19: Transfer of property and borrowing

Small And Medium Enterprises Development Authority Act · PART IV: FINANCIAL PROVISIONS AND ACCOUNTS

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.

19. Transfer of property and borrowing The Authority shall not, except with the approval of the Minister— (a) sell or exchange any property or make any donation; (b) borrow any money, and any borrowing shall be for the purposes of this Act.

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