Sri Lanka Consolidated Acts

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Housing Development Finance Corporation of Sri Lanka Act (No. 7 of 1997) - Sect 16

Capital of the Corporation

16.
(1) The authorized capital of the Corporation shall be two thousand million rupees divided into twenty million shares of one hundred rupees each.
(2)The issued capital of the Corporation shall, subject to the provisions of subsection (3), be one thousand million rupees.
(3) The Corporation may, subject to the provisions of subsection (1), raise sums of money as contributions to the capital of the Corporation by the issue of shares.

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