Sri Lanka Consolidated Acts

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Sri Lanka Ports Authority Act (No. 51 of 1979) - Sect 31

Ports Authority Stock

31.
(1) The Ports Authority may create and issue any stock required for the purpose of exercising the borrowing powers of the Authority and the stock so created and issued shall be referred to as " Ports Authority Stock."
(2) Ports Authority Stock shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms as may be determined by the Ports Authority with the approval of the Minister, given with the concurrence of the Minister in charge of the subject of Finance.


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