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In forceUpdated to 1 Dec 2011Read it in Bahasa Malaysia
Contents

Part II · Vesting of Property, Etc., in Successor Company

5. Government investment in securities of the successor company

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(1)

The Minister of Finance may, after consultation with the

Minister, at any time, acquire—

(a)

securities of the successor company or of any subsidiary of the successor company; or

(b)

rights to subscribe for any such securities.

(2)

The Minister of Finance may, after consultation with the

Minister, dispose of any securities or rights acquired under this section.

(3)

Any expenses incurred by the Corporation in consequence of the provisions of this section shall be treated as investments and be authorized under subparagraph 8(3)(a)(iv) of the Financial Procedure

Act 1957 [Act 61].

(4)

Any dividends or other sums received by the Corporation in right of, on the disposal of or otherwise in connection with, any securities or rights acquired under this section shall be paid into the

Consolidated Fund.

(5)

Stamp duty shall not be chargeable ―

(a)

in respect of any increase in the authorized share capital of the successor company which ―

(i)

is effected at a time when the successor company was wholly owned by the Government; and

(ii)

is certified by the Treasury as having been effected by the issue of shares subscribed for by the Corporation under paragraph (1)(a); or

(b)

on any instrument which is certified by the Treasury as having been made or effected in pursuance of section 4.

10

Report

Read on from s 6

Part III

Provisions Relating to Staff

Read on from Part III