Sri Lanka Consolidated Acts

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Ceylon Shipping Corporation Act (No. 11 of 1971) - Sect 18

Capital of the Corporation

18.
(1) The initial capital of the Corporation shall be one hundred million rupees and such capital shall consist of grants or loans given or made available by the Government on such terms and conditions as may be determined by the Minister of Finance.
(2) The capital of the Corporation may be increased from time to time by such amount as may be authorized by any Appropriation Act or by resolution of the House of Representatives, and that amount shall be made available to the Corporation by way of grant or loan on such terms and conditions as may be determined by the Minister of Finance.


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