Clause 29
Compensation for transferred undertaking
of Telecommunication Authority of Singapore Bill
BillNot in forceProvision 37 of 81
Clause 29
As soon as practicable after the date of the coming into operation of this Act, the Authority shall create and shall, by way of compensation for the transferred undertaking, issue to the Minister for Finance, a body corporate incorporated under the Minister for Finance (Incorporation) Act (Cap. 54), to hold for the purposes of the Government ordinary stock of a total nominal value to be agreed upon by and between the Minister for Finance and the Authority.