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Taisci Stait Teoranta Act, 1963

Issue of share capital.

7.—(1) One share in the share capital of the Company shall be allotted and issued to each of the subscribers to the memorandum of association of the Company and the residue of the share capital shall be allotted and issued to the Minister for Finance.

(2) The money payable by the subscribers to the memorandum of association of the Company as consideration for the allotment and issue to them of shares in pursuance of subsection (1) of this section shall be provided by the Minister.