COMPANIES (GOVERNMENT AND PUBLIC BODIES PARTICIPATION) ACT.

ARRANGEMENT OF SECTIONS.

   Section

   1.   Interpretation

   2.   Acquisition of shares by the Government, etc.

   3.   Payment for shares.

   4.   Regulations.

   5.   Transitional provisions.

      First Schedule   Companies in which the Government or public bodies have shares.

      Second Schedule   Prohibited activities by specified companies.

CHAPTER 111
COMPANIES (GOVERNMENT AND PUBLIC BODIES PARTICIPATION) ACT.

Commencement: 30 April, 1970.

   An Act to provide for acquisition of shares by the Government or other public bodies in companies incorporated under the Companies Act.

1.   Interpretation.

   In this Act—

   (a)   "Minister" means the Minister responsible for finance;

   (b)   "public body" means any body declared to be a public body by the Minister under section 2.

2.   Acquisition of shares by the Government, etc.

   (1) As from the close of business on the 30th"> day of April, 1970, the Government or other public body declared by the Minister as such for the purposes of this Act by statutory instrument shall be deemed to have acquir