Section 24
Additional capital of the Corporation.
The Road Transport Corporations Act, 1950
About this Act
An Act to provide for the incorporation and regulation of Road Transport Corporations.
If, after the issue of shares under section 23 a
Corporation requires any further capital, the Corporation may, with the previous sanction of the State
Government, raise such additional capital by the issue of new shares and the provisions of sub-sections
(2),
1[(2A)] (3), (4), (5) and (6) of the said section shall apply to the issue of such shares.
Notes
1. Ins. by Act 63 of 1982, s. 16 and the Schedule (w.e.f. 13-11-1982).