Part IPart I Powers of Statutory Water Companies
General powers
1.General powers of companies holding appointments
Powers to issue redeemable stock
2.Powers to issue redeemable stock
3.Terms and conditions of issue and redemption of redeemable stock
Relaxation of restrictions affecting raising of capital
4.Relaxation of limits on capital, borrowing and dividends
5.Appeals to the court in respect of applications under section 4
6.Relaxation of restrictions on payment of interest
7.Relaxation of restrictions on applications of profits
8.Relaxation of restrictions on mode of sale of shares or stock
Arrangements and reconstructions
9.Arrangements and reconstructions by certain companies
Power to appoint officers as directors
10.Power to appoint officers as directors