Section 9
Power to establish subsidiary corporations and companies
of Perbadanan Kemajuan Kraftangan Malaysia Act 1979
The Perbadanan may from time to time with the approval of the
Minister and the concurrence of the Minister of Finance—
(a)
by order published in the Gazette, establish a subsidiary corporation by such name as the Perbadanan may think fit;
(b)
establish or promote the establishment of a company by such name as the Perbadanan may think fit; or
(c)
take-over any company, to carry out and have the charge, conduct, and management of any project, scheme or enterprise which has been planned or undertaken by the Perbadanan in the execution of its duties under section 7 or the exercise of its powers under section 8.
(2)
The provisions of the Schedule shall apply to every subsidiary corporation established by the Perbadanan under subsection (1) and the provisions of the Companies Act 1965 shall apply to every company established or taken over by the Perbadanan under subsection (1).