Biz & CorporateBusiness

PACRA says Finance Minister has power to hold shares in any company

By NATION REPORTER

THE Patents and Companies Registration Agency (PACRA) has clarified that the current law declares the Finance and National Development Minister with the as a corporation sole with power to hold shares in any company.

PACRA has, however, pointed out that this does not make it mandatory for the Minister to be a shareholder in all private companies incorporated by Government Agencies.

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