sec.34Restriction on reserve powers of shareholding Ministers

### sec.34 Restriction on reserve powers of shareholding Ministers The shareholding Ministers of the Corporation may not notify, or give directions to, the Corporation’s board under the GOC Act about the Corporation’s— decision making generally about investments; or dealing in, or exercising voting rights attached to, securities of a corporation; or otherwise dealing with assets or liabilities; or control, or conduct of affairs, of an entity (including a business undertaking or trust) in which the Corporation has an investment. Subsection (1) does not affect section 133 of the GOC Act (Board to keep shareholding Ministers informed). Subsection (1) applies despite the following sections of the GOC Act — section 123 (Reserve power of shareholding Ministers to notify board of public sector policies) section 124 (Reserve power of shareholding Ministers to give directions in public interest) section 161 (Reserve power of shareholding Ministers to direct that asset not be disposed of). s 34 sub 1994 No. 38 s 11 (sec.34-ssec.1) The shareholding Ministers of the Corporation may not notify, or give directions to, the Corporation’s board under the GOC Act about the Corporation’s— decision making generally about investments; or dealing in, or exercising voting rights attached to, securities of a corporation; or otherwise dealing with assets or liabilities; or control, or conduct of affairs, of an entity (including a business undertaking or trust) in which the Corporation has an investment. (sec.34-ssec.2) Subsection (1) does not affect section 133 of the GOC Act (Board to keep shareholding Ministers informed). (sec.34-ssec.3) Subsection (1) applies despite the following sections of the GOC Act — section 123 (Reserve power of shareholding Ministers to notify board of public sector policies) section 124 (Reserve power of shareholding Ministers to give directions in public interest) section 161 (Reserve power of shareholding Ministers to direct that asset not be disposed of). - (a) decision making generally about investments; or - (b) dealing in, or exercising voting rights attached to, securities of a corporation; or - (c) otherwise dealing with assets or liabilities; or - (d) control, or conduct of affairs, of an entity (including a business undertaking or trust) in which the Corporation has an investment. - • section 123 (Reserve power of shareholding Ministers to notify board of public sector policies) - • section 124 (Reserve power of shareholding Ministers to give directions in public interest) - • section 161 (Reserve power of shareholding Ministers to direct that asset not be disposed of).