Perbadanan Pembangunan Bandar Act 1971 · s 26

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26. (1) The Perbadanan may from time to time borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister of Finance may approve, any sums required by the Perbadanan for meeting any of its obligations or discharging any of its duties.
(2) The Perbadanan may, from time to time, with the approval of the Minister of Finance, borrow money by the issue of bonds, debentures or 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 duties of the Perbadanan under this Act;
(c) the fulfilling of such additional functions as may be undertaken by the Perbadanan under this Act;
(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.
(3) The Perbadanan may make regulations not inconsistent with the provisions of this Act to provide for such matters in connection with shares, stock, bonds, debentures or debenture stock issued under this Act as may appear necessary or expedient to the Perbadanan, and, in particular, for regulating the method of issue, transfer, redemption, or other dealing with such shares ,stock, bonds, debentures or debenture stock.

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s 26

(1)

The Perbadanan may from time to time borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister of Finance may approve, any sums required by the Perbadanan for meeting any of its obligations or discharging any of its duties.

(2)

The Perbadanan may, from time to time, with the approval of the Minister of Finance, borrow money by the issue of bonds, debentures or 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 duties of the Perbadanan under this Act;

(c)

the fulfilling of such additional functions as may be undertaken by the Perbadanan under this Act;

(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.

(3)

The Perbadanan may make regulations not inconsistent with the provisions of this Act to provide for such matters in connection with shares, stock, bonds, debentures or debenture stock issued under this Act as may appear necessary or expedient to the Perbadanan, and, in particular, for regulating the method of issue, transfer, redemption, or other dealing with such shares ,stock, bonds, debentures or debenture stock.