Clause 53
Issue of shares, etc.
of Info-communications Media Development Authority Bill
BillNot in forceProvision 53 of 102
Clause 53
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, from time to time, direct.