Malaysia legislation
Section 25
Section 25
(2)
(Deleted by Act A1502).
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(3)
The Bank may approve an application to establish or acquire a subsidiary or acquire or hold any material interest in any corporation, under subsection (1), with or without conditions, or reject the application.
(4)
Every prescribed institution shall at all times comply with any condition as may be specified by the Bank under subsection (3).
(5)
The Bank may specify what constitutes “material interest” for the purposes of subsection (1) and paragraph 26(1)(d).
Direction in respect of subsidiary or material interest in corporations