Malaysia legislation
Section 23
Section 23
The Corporation may, from time to time, with the approval of the Minister, borrow money by the issue of debentures or debenture stock, or raise capital by the issue of shares or stock of such class and
24 Laws of Malaysia ACT 279
value and upon such terms as it may deem expedient, for all or any of the following purposes—
(a)
the provision of working capital;
(b)
the fulfilling of the functions of the Corporation under this
Act;
(c)
the acquisition of other electricity undertakings;
(d)
the redemption of any shares or stock which it is required or entitled to redeem; and
(e)
any other expenditure properly chargeable to capital account.
Power to borrow money