Standards of Malaysia Act 1996 · s 5

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s 5Government investment in further issues of shares of the successor company

(1)

Further issues of the shares of the successor company shall only be made as the Minister of Finance may, after consultation with the Minister, at any time, direct.

(2)

Any expenses incurred by the Minister of Finance in consequence of the provisions of this section shall be treated as investments and be authorized under subparagraph 8(3)(a)(iv) of the

Financial Procedure Act 1957 [Act 61].

(3)

Any dividends or other sums received by the Minister of

Finance under this section shall be paid into the Consolidated Fund.

(4)

Stamp duty shall not be chargeable in respect of any increase in the capital of the successor company which—

(a)

is effected by the issue of shares; and

(b)

is certified by the Treasury as having been effected by the issue of shares subscribed for by the Minister of Finance under subsection (1).