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  4. Taisci Stait Teoranta Act, 1963

Taisci Stait Teoranta Act, 1963

Agreement for management of Company.

4.—(1) The Company may enter into an agreement with The Industrial Credit Company, Limited providing for the management by that company, on such terms and conditions as may be approved of by the Minister, of the affairs of the Company, including investments made by it.

(2) It shall be obligatory on the Company to exercise the power conferred by subsection (1) of this section if the Minister requires the Company so to do and The Industrial Credit Company, Limited is willing to enter into the agreement referred to in the subsection.