Malaysia legislation
Section 3C
Section 3C
(a)
where it appears requisite, advantageous or convenient for or in connection with the discharge of the functions, exercise of the powers and carrying on of the activities of the Board, enter into equity participation, partnership, joint venture, undertaking or any other form of co-operation or arrangement in association, or otherwise, with―
(i)
an enterprise, a company, or a private undertaking constituted for the carrying on of business in
Malaysia or elsewhere;
(ii)
the Federal Government or any State Government;
(iii)
any statutory authority; or
(iv)
a commission;
(b)
establish or promote the establishment of companies under the Companies Act 1965 [Act 125], to carry on or engage in any activity which has been planned or is being undertaken by the Board; or
(c)
by order published in the Gazette, establish a corporation, by such name as the Board deems fit, to carry out and have the charge, conduct and management of any project, scheme or enterprise which has been planned or undertaken by the Board in the performance of its functions, the exercise of its powers or the discharge of its duties.
12 Laws of Malaysia ACT 352
(2)
The provisions of the Second Schedule shall apply to every corporation established by the Board under paragraph (c).
Membership of the Board