Malaysia legislation
Section 82
Section 82
(2)
Where control of a railway company has been assumed in pursuance of an order under section 80, the Director General or the appointed person, as the case may be, shall remain in control of the property, business and affairs of the railway company concerned, and carry on the business and affairs of that company in the name and on behalf of that company, as provided in the said order, until such time as the said order is revoked under subsection 80(3).
(3)
Throughout the period of control of a railway company in pursuance of an order under section 80, there shall be vested in the Director General or the appointed person, as the case may be, all the powers of the company and of its directors under the constituent documents of that company, or exercisable by that company or its directors under any written law or otherwise howsoever, regardless whether such powers are exercisable by resolution, special resolution, or in any other manner whatsoever, and any difficulty whatsoever arising in relation thereto may be resolved by the Minister by a direction in writing.
Railways 57
(4)
During the period that an order under section 80 is in force, no director of the railway company to which the order relates shall, either directly or indirectly, engage in any activity in relation to the company, except as may be required or authorized by the Director General or the appointed person, as the case may be, and no remuneration of whatever nature shall accrue or be payable to any director of the company, except such as may be approved in writing by the Director General or the appointed person, as the case may be, in relation to any activity required or authorized as aforesaid by the Director General or the appointed person, as the case may be.
(5)
For the avoidance of doubt, it is hereby declared that an order under section 80 shall not have the effect of conferring on, or vesting in, the Director General or the appointed person, as the case may be, any title to, or any beneficial interest in, any property of the railway company to which the order relates.