Standards of Malaysia Act 1996 · Updated to 30 Apr 2012 · Part II · Vesting of Property, Etc., in Successor Company
6. Staff
Official textFrom Laws of Malaysia Online, unchanged
The successor company shall accept into its employment, on a date to be appointed by the Minister by notification in the Gazette, every person who immediately before that date is a member of the staff of the Institute and who was given an option by the Institute and has opted to serve as an employee of such company.
successor company
“successor company” means the company limited by shares incorporated under the Companies Act 1965 and named by the Minister in the order under subsection 3(1) to which property, rights, liabilities and functions of the Institute are transferred and vested in;
Every such person who opts under subsection (1) to serve as an employee of the successor company shall be employed by such company on terms and conditions of service not less favourable than the terms and conditions of service to which he was entitled immediately before the appointed date.
14 Laws of Malaysia ACT 549
Terms defined in s 2
Institute
Defined · s 2“Institute” means the Standards and Industrial Research Institute of Malaysia established under the Standards and Industrial Research Institute of Malaysia (Incorporation) Act 1975;
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for standards and accreditation;
successor company
Defined · s 2“successor company” means the company limited by shares incorporated under the Companies Act 1965 and named by the Minister in the order under subsection 3(1) to which property, rights, liabilities and functions of the Institute are transferred and vested in;
Part III
Director General of the Department of Standards
Part IV
Establishment of the Standards and Accreditation Council
Part V
Standards and Accreditation
Part VI
General
Part VII