Perbadanan Pembangunan Bandar (Successor Company) Act 1996 · s 6

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s 6Exercise of the Minister of Finance’s functions through nominees

(1)

The Minister of Finance may, after consultation with the

Minister, appoint such persons as he thinks fit to act as his nominees for the purposes of section 4 or 5 and⎯

(a)

securities of the successor company may be assigned under section 4 to any nominee of the Minister of Finance appointed for the purposes of that section or to any person entitled to require the issue of the securities following their initial allotment to any such nominee; and

(b)

any such nominee appointed for the purposes of section 5

may acquire securities or rights in accordance with that section.

(2)

Any person holding any securities or rights as a nominee of the

Minister of Finance by virtue of subsection (1) shall hold and deal with them on such terms and in such manner as the Minister of Finance may direct.

Perbadanan Pembangunan Bandar 11

(Successor Company)