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The Articles of Association of the Company.
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13.—(1) The Articles of Association of the Company shall be in such form consistent with this Act as shall be approved of by the Minister for Agriculture after consultation with the Minister for Finance.
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(2) The following provisions shall apply in respect of the Articles of Association of the Company, that is to say—
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(a) the said Articles shall provide that the number of directors (including the chairman) shall not be less than three or more than five;
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(b) the said Articles shall provide that the qualification for a director of the Company, shall be the holding of at least one share of the Company;
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(c) the said Articles shall provide that the chairman and all the other directors of the Company shall always be appointed by, and may be removed from office by, the Minister for Finance, after consultation with the Minister for Agriculture;
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(d) the said Articles shall provide that the remuneration of the chairman and of the other directors shall be determined from time to time by the Minister for Finance, after consultation with the Minister for Agriculture;
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(e) the said Articles shall provide that no person shall be nominated as Auditor of the Company without the approval of the Minister for Finance given after consultation with the Minister for Agriculture;
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(f) the said Articles shall not confer on the Company any power to increase or reduce the capital of the Company or any power to issue debentures or, save in accordance with this Act, to borrow.
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