Industrial Credit (Amendment) Act, 1958

Extension of power of the Minister to acquire shares.

2.—(1) The Minister may take up by subscription shares of the Company.

(2) Where shares of the Company are held by a person other than the Minister, the Minister may purchase the shares from that person, and the instrument of transfer by which any such purchase is effected shall not be chargeable with any stamp duty.

(3) Subsection (1) of this section is in addition and without prejudice to section 5 of the Principal Act.