Section 15: Capital of Corporation
consolidated text (as at 2018, 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) Subject to subsection (2), the share capital of the Corporation shall
be 10,000,000 rupees made up of 1,000,000 shares of 10 rupees each, to
be allotted as follows—
(a) 100,000 shares shall be fully subscribed by Government; and
(b) the remaining shares shall be subscribed at such time and in
such manner as the Minister may determine.
(2) The Board may, by resolution, increase the share capital of the Corporation, subject to the approval of the Minister, and any such resolution shall
make provision for the subscription of the increase.