Agricultural Credit Act, 1961

Increase of capital of the Corporation.

2.—Notwithstanding anything to the contrary contained in the Acts or the memorandum or articles of association of the Corporation, it shall be lawful for the Corporation, subject to the consent of the Minister, to increase its capital to a total not exceeding two million pounds divided into stock units or shares of ten shillings each or such other denomination or denominations as shall be in accordance with the memorandum and articles of association of the Corporation and, if it so thinks fit, to divide the stock units or shares into different classes and to attach different rights to the units or shares of different classes and for those purposes to make such alterations as may be requisite in the memorandum and articles of association.