Singapore legislation

Clause 15

of Telecommunication Authority of Singapore Bill

Clause 15

Power to issue stock, etc.

(1)

The Authority may, from time to time, with the approval of the Minister, borrow money by the issue of debentures or debenture stock, or raise capital by the issue of shares or stock of such class and value and upon such terms as it may deem expedient, for all or any of the following purposes: —

(a)

the provision of working capital;

(b)

the fulfilling of the functions of the Authority under this Act;

(c)

the redemption of any shares or stock which the Authority is required or entitled to redeem;

(d)

any other expenditure properly chargeable to capital account.

(2)

The Authority may make rules not inconsistent with the provisions of this Act to provide for such matters in connection with shares, stock, debentures or debenture stock issued under this Act as may appear necessary or expedient to the Authority, and in particular, for regulating the method of issue, transfer, redemption or other dealing with such shares, stock, debentures or debenture stock.

Read in full context — Telecommunication Authority of Singapore Bill →