ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART XI - VARIOUS TYPES OF COMPANIES, ETC.
DIVISION 1 - INVESTMENT COMPANIES

 
Section 320. Restriction on borrowing by investment companies.
 
Section 320. Restriction on borrowing by investment companies. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) An investment company shall not borrow an amount if that amount or the sum of that amount and any amounts previously borrowed by it and not repaid exceeds an amount equivalent to twice its net tangible assets.