Telecommunications (Miscellaneous Provisions) Act, 1996
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Miscellaneous agreements. |
9.—(1) Subject to subsection (2), the Minister with the consent of the Minister for Finance may either or both— | |
(a) cause the company to enter into one or more agreements in connection with the sale and issue of equity in the company, | ||
(b) enter into one or more agreements in connection with the sale and issue of equity in the company. | ||
(2) Any agreement entered into pursuant to subsection (1) may include— | ||
(a) provisions relating to— | ||
(i) amendments to the memorandum and articles of association of the company, | ||
(ii) directors, | ||
(iii) shareholders, | ||
(iv) voting rights, | ||
(v) dividend policy, | ||
(vi) investments, | ||
(vii) representations, warranties and indemnities, and | ||
(viii) restrictions on the alienability of shares; | ||
and | ||
(b) such other matters as the Minister with the consent of the Minister for Finance may from time to time consent to. | ||
(3) Section 60 of the Companies Act, 1963 , shall not apply to any representation made or warranty or indemnity given by the company, or any financial obligations undertaken in relation thereto by the company, in connection with the sale or transfer by the Minister or the Minister for Finance or the issue by the company of shares in the company. |