Malaysia legislation
Section 26C
Section 26C
(a)
establish a corporation by such name as the Board may think fit;
(b)
incorporate a company under the Companies Act 1965
by such name as the Board may think fit; or
(c)
take over any company, to carry out, administer, conduct and manage any project, joint venture, privatization programme, scheme, enterprise or any other matters which have been planned or undertaken by the Board.
NOTE─The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016
[Act 777] which comes into operation on 31 January 2017–see subsection 620(1) of Act 777.
34 Laws of Malaysia
(2)
The Seventh Schedule shall apply to a corporation established under paragraph (1)(a) and the Companies Act 1965 shall apply to a company incorporated or taken over under paragraph (1)(b) or (c), respectively.
Declaration of dividend