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Additional objects of subsidiaries.
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37.—(1) There may be included among the objects of each of the subsidiaries such other functions of the Company as may be approved by the Company with the consent of the Minister and the Minister for Finance.
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(2) Nothing in this section shall prevent or restrict the inclusion among the objects of any of the subsidiaries, as stated in its memorandum of association, of all such objects and powers as are proper for or incidental or ancillary to the due attainment of its principal objects.
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(3) Section 5 of the Act of 1990 shall apply to each of the subsidiaries as if the references to the Board were references to each of the subsidiaries.
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(4) Where any function of the Company is a function of a subsidiary, every provision of any enactment relating, or applied by this Act, to the Company shall, in respect of that function and subject to the provisions of this Act, apply to the subsidiary as it applies to the Company with any necessary modifications.
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(5) A subsidiary shall perform its functions in compliance with such directions as the Company may give to it in writing from time to time.
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