Malaysia legislation

Section 80

of *RAILWAYS ACT 1991

Section 80

(a)

provide for the Director General to assume control of the whole of the property, business and affairs of that railway company, and carry on the whole of its business and affairs, or to assume control of such part of its property, business and affairs and carry on such part of its business and affairs, as may be set out in the order, or for the Director General to appoint any person to do so on behalf of the Director

General and for the costs and expenses of the

Director General, or the remuneration of the person so appointed, as the case may be, to be payable out of the funds and properties of the company as a first charge thereon;

Railways 55

(b)

whether or not an order has been made under paragraph (a), authorize an application to be made by the Director General to the High Court to appoint a receiver or manager to manage the whole business, affairs and property of that railway company, or such part thereof as may be set out in the order, and for all such incidental, ancillary or consequential orders or directions of the High Court in relation to such appointment as may, in the opinion of the

Director General, be necessary or expedient.

(2)

An order of the Minister under subsection (1) may, from time to time, be modified, amended, altered, varied or replaced either prospectively, or where it is not impracticable or unjust to do so, retrospectively, by a further order under subsection (1).

(3)

An order made under subsection (1) or subsection (2)

may, at any time, be revoked by an order similarly made by the

Minister and any such order may contain all such orders, directions or provisions of an incidental, ancillary or consequential nature as may be deemed necessary or expedient by the Minister.

Provisions relating to appointment under section 80

Section 80 — AKTA KERETAPI 1991 | mylaw.my