Public Trust Corporation Act 1995 · Updated to 1 Sep 2010 · Part II · Formation and Ownership of the Corporation and Vesting Provisions
5. Initial Government holding in the Corporation
Feedback & supportAs a consequence of the vesting in the Corporation of the property, rights and liabilities under section 4, the Corporation shall issue such shares of the Corporation to the Minister of
Corporation
“Corporation” means the corporation under the name of Amanah Raya Berhad incorporated under the Companies Act 1965
Finance as the Minister of Finance may, after consultation with the Minister, from time to time, direct.
Minister
“Minister” means the Minister charged with the responsibility for the administration of trusts and estates; *
Shares required to be issued under this section shall be issued or allotted at such time and on such terms as to allotment as the Minister of Finance may, after consultation with the Minister, direct.
Shares issued under this section—
shall be of such nominal value as the Minister of Finance may direct; and
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 Corporation of their nominal value.
Any dividends or other sums received by the Minister of
Finance by virtue of this section shall be paid into the Consolidated
Fund.
Fund
“Group Investment Fund” or “Fund” means a Group Investment Fund formed under section 30;