Sri Lanka Consolidated Acts

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Sri Lanka Railways Authority Act (No. 60 of 1993) - Sect 20

Railways Authority Stock

20.
(1) The Railways Authority may create and issue any stock for the purpose of raising any sums of money required by it for the discharge of its functions under this Act. The stock so created and issued shall hereinafter be referred to as " Railways Authority Stock".
(2) Railways Authority Stock shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms as may be determined by the Railways 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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