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.

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.