37.
| (1) The board may, from time to time, when authorized by special resolution issue any of the capital of the Corporation for the time being unissued or increase the capital of the Corporation by the creation of new shares or reduce the capital in the manner provided for in any law which may be declared to be applicable to the Corporation. |
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| (2) Any unissued capital and any new capital raised by the creation of new shares shall be issued by the board on such terms and conditions as shall be previously approved in writing by the Minister. Such terms and conditions may provide for the issue of shares at a premium. |
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| (3) In the allotment of shares issued or created under this section the board shall observe such general or special written directions as the Minister may give in that behalf. |
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Sri Lanka Consolidated Acts