Pooled Development Funds Act 1992

PART 4 - REGULATION OF PDFs  

Division 1 - Making investments  

SECTION 27  

27   AMOUNT INVESTED IN INVESTEE COMPANY TO BE AT LEAST 10% OF ITS PAID-UP CAPITAL  
Unless the Board otherwise approves, the investment must be such that, immediately after it is made, the total of all amounts paid on the shares in the investee company held by the PDF is at least 10% of the total of all amounts paid on the issued shares in the investee company.


 

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