Lembaga Padi dan Beras Negara (Successor Company) Act 1994 · s 4

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4.
Initial Government holding in the successor company
(1)  As a consequence of the vesting in the successor company of the property, rights and liabilities under section 3, the successor company shall issue such securities of the company as the Minister of
Finance may, after consultation with the Minister, from time to time, direct to the Corporation.
(2)  Securities required to be issued in pursuance of this section shall be issued or allotted at such times and on such terms, as to allotment, as the Minister of Finance may, after consultation with the
Minister, direct.
(3)   Securities required to be issued in pursuance of this section—
(a) shall be of such nominal value as the Minister of Finance may direct; and
(b) shall be issued as fully paid and treated for the purposes of the Companies Act 1965 as if they had been paid up by virtue of the payment to the successor company of their nominal value.
(4)  The Minister of Finance may, after consultation with the
Minister, dispose of any securities issued or of any rights to securities initially allotted to the Corporation in pursuance of this section.
(5)  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 by virtue of this section shall be paid into the Consolidated Fund.

10                                      Laws of Malaysia                           ACT 523

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s 4Initial Government holding in the successor company

(1)

As a consequence of the vesting in the successor company of the property, rights and liabilities under section 3, the successor company shall issue such securities of the company as the Minister of

Finance may, after consultation with the Minister, from time to time, direct to the Corporation.

(2)

Securities required to be issued in pursuance of this section shall be issued or allotted at such times and on such terms, as to allotment, as the Minister of Finance may, after consultation with the

Minister, direct.

(3)

Securities required to be issued in pursuance of this section—

(a)

shall be of such nominal value as the Minister of Finance may direct; and

(b)

shall be issued as fully paid and treated for the purposes of the Companies Act 1965 as if they had been paid up by virtue of the payment to the successor company of their nominal value.

(4)

The Minister of Finance may, after consultation with the

Minister, dispose of any securities issued or of any rights to securities initially allotted to the Corporation in pursuance of this section.

(5)

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 by virtue of this section shall be paid into the Consolidated Fund.

10 Laws of Malaysia ACT 523