Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower of Public Trustee to issue directions to the Board of Directors of the company
| 12. For so long and so long only as the Public Trustee on behalf of the Government is the holder of at least fifty-one per centum of the total number of shares of the company, he may issue, from time to time, general or special directions in writing to the Board of Directors of the company on any matters relating to the company, other than the editorial policy of, or the free expression of opinion in, any newspaper published by the company. It shall be the duty of such Board to forthwith comply with such directions on the receipt thereof, and thereafter to cause such directions to be tabled at the next meeting of such Board. |