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Bula Limited (Acquisition of Shares) Act, 1977

Exercise by a Minister of rights and powers as holder of shares of Company.

3.—(1) Subject to subsection (2) of this section, the Minister or the Minister for Finance may exercise, in respect of shares of the Company held by him, all the rights and powers of a holder of such shares and, where such a right or power is exercisable by attorney, may exercise it by his attorney.

(2) In relation to any matter which affects a function or responsibility of the Minister for Finance, a right or power referred to in subsection (1) of this section or referred to in the Agreement as being vested in the Minister shall not be exercised by the Minister until he has consulted the Minister for Finance.