Shares of the Nigam

The shares of the Nigam shall be subscribed by the State Government and such other institutions or persons as may be approved by the State Government. (1) The authorised capital of the Nigam shall be such amount as may be prescribed by the State Government. (2) In respect of such capital as may be provided by the State Government as capital of the corporation, the State Government shall have power to impose such terms and conditions as it may deem fit. The Madhya Pradesh Rajya Pashudhan Evam Kukkut Vikas Nigam (Sanshodhan) Adhyadesh, 1984 (No. 18 of 1984) is hereby repealed.