Public Trust Corporation Act 1995 · Updated to 1 Sep 2010 · Part II · Formation and Ownership of the Corporation and Vesting Provisions
8. Government of Malaysia to hold all shares in the Corporation
Feedback & supportThe Minister of Finance may, from time to time, on behalf of the Government of Malaysia, subscribe for or otherwise acquire all the shares in the Corporation.
Minister
“Minister” means the Minister charged with the responsibility for the administration of trusts and estates; *
Shares in the Corporation held by the Minister of Finance shall be held by the Minister of Finance as incorporated under the Minister of Finance (Incorporation) Act 1957 [Act 375].
Corporation
“Corporation” means the corporation under the name of Amanah Raya Berhad incorporated under the Companies Act 1965
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Public Trust Corporation
Notwithstanding any other written law or rule of law, it shall not be necessary to complete or register a transfer of shares of the kind referred to in subsection (2) consequent upon a change in the person holding the office of the Minister of Finance.
The Minister of Finance may exercise all the rights and powers attaching to the shares in the Corporation held by him.
rights
“rights” means all rights, powers, privileges and immunities, whether actual, contingent or prospective;
The Minister of Finance may, at any time, by written notice to the Company Secretary of the Corporation, authorize, on such terms and conditions as are specified in the notice, any person as he thinks fit to act as his representative at any or all of the meetings of shareholders of the Corporation or of any class of shareholders, and any person so authorized shall be entitled to exercise the same powers, on behalf of the Minister of Finance, as the Minister of Finance could exercise if present in person at the meeting or meetings.