Singapore legislation

Section 53

of Info-communications Media Development Authority Act 2016

Section 53

Issue of shares, etc.

As a consequence of —

(a)

the vesting of any property, right or liability in the Authority under this Act; or

(b)

any capital injection or other investment by the Government in the Authority in accordance with any other written law,the Authority must issue such shares or other securities to the Minister for Finance as that Minister may direct.

Read in full context — Info-communications Media Development Authority Act 2016 →