Malaysia legislation
Section 40
Section 40
The Board may, from time to time, with the approval of the Minister, borrow money by the issue of debentures, debenture stock, or raise capital by the issue of shares or stock of such class and 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 Board under this Act;
(c)
the acquisition of other electricity undertaking;
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(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.