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Transfer of shares of Company held by a Minister to a nominee.
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4.—(1) The Minister or the Minister for Finance may transfer to a person (in this section referred to as “the nominee”) nominated by him shares of the Company held by him under this Act, and shares transferred to the nominee shall be held by him on behalf of such Minister.
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(2) Where shares of the Company held under this Act by a Minister of State are transferred under subsection (1) of this section, the nominee shall hold in trust for that Minister the shares of the Company standing in the nominee's name and shall, in relation to the disposal of those shares and the exercise of his rights and powers as nominee, act in accordance with such directions in writing as that Minister may from time to time give.
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