Minerals Company Act, 1945
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Provisions in relation to shares in dissolved company. |
6.—(1) All shares in the dissolved company which immediately before the transfer date are held by any person other than the Minister for Finance shall, by virtue of this subsection, be transferred, on the transfer date, to the Minister for Finance. | |
(2) All shares in the dissolved company shall, by virtue of this subsection, be and become, on the transfer date, shares in the continuing company, and the capital of the continuing company shall, notwithstanding anything contained in subsection (2) of section 5 of the Principal Act, be increased accordingly. |