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Form of memorandum of association of Company.
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9.—(1) The memorandum of association of the Company shall be in such form consistent with this Act as may be approved of by the Minister with the consent of the Minister for Finance.
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(2) The principal objects of the Company shall be those comprised in the functions conferred on the Board by the Turf Development Acts, 1946 to 1995.
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(3) Nothing in this section shall prevent or restrict the inclusion among the objects of the Company as stated in its memorandum of association of all such objects and powers as are reasonably necessary or proper for or incidental or ancillary to the due attainment of its principal objects and are not inconsistent with this Act.
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(4) The Company shall have all those functions that were vested in the Board immediately before the vesting day and are not otherwise conferred on the Company by or under this Act.
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(5) Any enactment that, immediately before the vesting day, applied to the Board and whose application to the Company is necessary for the purpose of giving full effect to the conferral of functions by or under this Act on the Company and is not otherwise effected by this Act shall apply on and after that day with any necessary adaptations to the Company as it applied to the Board in so far as such application is necessary as aforesaid.
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