Public Trust Corporation Act 1995 · Updated to 1 Sep 2010 · Part IV · Financial Provisions
30. Formation of Group Investment Fund
Feedback & supportThe Corporation may, from time to time, with the approval of the Minister of Finance and the Minister, establish and keep, in addition to and separately from the Common Fund, one or more funds each of which shall be called a Group Investment Fund.
Corporation
“Corporation” means the corporation under the name of Amanah Raya Berhad incorporated under the Companies Act 1965
Where more than one Group Investment Fund is so established, each such Fund shall be given an appropriate distinguishing name or number.
Group Investment Fund
“Group Investment Fund” or “Fund” means a Group Investment Fund formed under section 30;
All moneys forming part of any Group Investment Fund shall be invested in such class or classes of investments as the
Corporation determines at the time when the Fund is established,
Fund
“Group Investment Fund” or “Fund” means a Group Investment Fund formed under section 30;
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being investments authorized by the instrument or other authority by which the moneys are held or any investment permitted by law for the investment of trust funds.
Subject to this section, where moneys of any estate is in its possession and is available for investment but is not invested in the Common Fund, the Corporation may invest that money in any of its Group Investment Funds in which the money might lawfully be invested if the money is not directed to be invested in some other specified manner and investment in a Group
estate
“estate” means any property administered, held, managed or controlled by the Corporation whether as trustee or administrator or as guardian, receiver, receiver and manager, liquidator or attorney, or in any other capacity;
Investment Fund is not inconsistent with the terms of the trust instrument (if any) or other authority governing the money.
Investments made from moneys forming part of a Group
Investment Fund shall not be made on account of or belong to any particular estate.