Section 74A
Power of the Organization to establish or take over companies
of Employees' Social Security Act 1969
The Organization may, with the approval of the Minister and the Minister of Finance, establish or take over any company under the
*Companies Act 1965 [Act 125] to carry out, administer, conduct and manage any project, joint venture, privatization programme, scheme, enterprise or any other matter which has been planned or undertaken by the Organization for the purposes of the Scheme of Social Security under this Act.
(2)
The Organization may give instructions to the company referred to in subsection (1) on matters relating to the administration, finance and operation of the company which are consistent with the provisions of this Act, and such company shall give effect to the instructions.