Malaysia legislation

Section 34

of PUBLIC SECTOR HOME FINANCING BOARD ACT 2015

Section 34

The Board may, with the approval of the Minister, establish or acquire any corporation established under the Companies

Act 1965 [Act 125] and Trust Companies Act 1949 [Act 100]

necessary for the purpose of raising funds, provided that the corporation so established or acquired by the Board is prohibited from establishing subsidiaries of the corporation.

Act 767