Section 3D
Application to companies of statutory bodies
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
State OrdinanceIn forceProvision 7 of 24
Section 3D
—
(1)
The Chief Minister may, by Order, direct any company which is wholly owned by a statutory body or is a subsidiary of a statutory body to comply with the provisions of this Part.
(2)
For the purpose of this section, any company which is wholly owned by the State Financial Secretary, a corporation incorporated under the State Financial Secretary (Incorporation)
Ordinance [Cap. 36] or where the majority of its issued share capital are held by the State Financial Secretary shall be deemed to be a company which is wholly owned by or a subsidiary of a statutory body.
[Add. Cap. A112.]