| 1.
| | This Act may be cited as the Government-Sponsored Corporations Act. |
| 2.
| | Incorporation Order for establishment of a Government sponsored corporation. |
| 3.
| | Objects of the Corporation. |
| 4.
| | Principal place of business of the Corporation. |
| 5.
| | Powers of the Corporation. |
| 6.
| | Liability of the shareholders of the Corporation. |
| 7.
| | Seal of the Corporation. |
| 8.
| | General control of the affairs, and the exercise of the powers, of the Corporation. |
| 9.
| | Application of part II. |
| 10.
| | Members of the Corporation. |
| 11.
| | Number of directors. |
| 12.
| | Disqualification for being a director. |
| 13.
| | Appointment of directors and chairman of the board of directors. |
| 14.
| | Term of office of directors. |
| 15.
| | Appointment of acting directors. |
| 16.
| | Resignation of directors. |
| 17.
| | Removal of directors from office. |
| 18.
| | Eligibility of directors for re-appointment. |
| 19.
| | Remuneration of directors. |
| 20.
| | The first directors and the first chairman of the board of directors. |
| 21.
| | Capital of the Corporation. |
| 22.
| | Division of the capital into shares. |
| 23.
| | Allotment of shares to the Government, |
| 24.
| | Transfer of the specified manufactory and other State property and certain contracts and liabilities to the Corporation. |
| 25.
| | Transfer of certain non-pension able employees of the Government to the Corporation. |
| 26.
| | Appointment of public officers to the staff of the Corporation. |
| 27.
| | Trainees. |
| 28.
| | Reserves and dividends. |
| 29.
| | Accounts of the Corporation. |
| 30.
| | Audit. |
| 31.
| | Copies of auditor's report, profit and loss account, balance sheet, and report of board of directors to be sent to the Minister and laid before Parliament. |
| 32.
| | Directions by, and inquiries at the instance of, the Minister. |
| 33.
| | Payment of tax on income or profits of the corporation. |
| 34.
| | Acquisition of land. |
| 35.
| | Sale of shares of the Government. |
| 36.
| | Supplementary Order. |
| 36A.
| | Dissolution of the Corporation. [ 2, 55 of 1957] |
| 37.
| | Application of this part. |
| 38.
| | Cessation of application of certain provisions of Part II. |
| 39.
| | Members of the Corporation. |
| 40.
| | Authorized capital of the Corporation. |
| 41.
| | Board of directors constituted under Part II to continue in office until a board of directors is constituted under Part III. |
| 42.
| | Number of directors. |
| 43.
| | Two classes of directors. |
| 44.
| | Determination of number of appointed directors and number of elected directors. |
| 45.
| | Chairman of the board of directors. |
| 46.
| | Appointed directors. |
| 47.
| | Elected directors. |
| 48.
| | Fresh appointment and election of directors. |
| 49.
| | No vote in respect of Government shares at election or removal of directors. |
| 50.
| | Remuneration of directors. |
| 51.
| | Accounts of the Corporation. |
| 52.
| | Application of sections 26 32,33, 34 and 35. |
| 53.
| | Constitution of new board of directors when the Government ceases to hold more than twenty per centum of the capital of the Corporation. |
| 54.
| | Formation of company to carry out the objects of the Corporation. |
| 55.
| | Dissolution of the Corporation. |
| 56.
| | Regulations of the Corporation. |
| 57.
| | Application of company law to the Corporation. |
| 58.
| | Register of shareholders. |
| 59.
| | Shares. |
| 60.
| | Staff. |
| 61.
| | Pension scheme, &c, for staff. |
| 62.
| | When certain powers of the Minister are not to be exercised. |
| 63.
| | Managing director. |
| 64.
| | A director whether shareholder or not may attend meeting of shareholders. |
| 65.
| | Validity of acts and proceedings of the board of directors. |
| 66.
| | Regulations. |
| 67.
| | Interpretation. |
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