Singapore legislation
Clause 4
Clause 4
New section 17A
The Ordinance is hereby amended by inserting immediately after section 17 thereof the following new section: —“Power to capitalise17A. The Board may, from time to time, with the approval of the Minister, capitalise the whole or any part of the sum standing to the credit of the Board’s General Reserve Account and such sum shall be capitalised as issued and fully paid up capital.”.