Sri Lanka Consolidated Acts

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Insurance Corporation Act (No. 2 of 1961) - Sect 17

Capital of the Corporation. [ 50,11 of 1963.]

17.
(1) The initial capital of the Corporation shall be twenty million rupees.
(2) The amount of the initial capital of the Corporation shall be paid to the Corporation out of the Consolidated Fund of Ceylon in such installments as the Minister of Finance may, in consultation with the Minister, determine.
(3) The capital of the Corporation may be increased from time to time by such amount as may be determined by the Corporation with the approval of the Minister given with the concurrence of the Minister of Finance.


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