Malaysia legislation
Section 12a
Section 12a
Power to issue stock, etc.
(a)
the provision of working capital;
(b)
the fulfilling of the duties of the Authority under this
Act;
(c)
the fulfilling of such additional functions as may be undertaken by the Authority under this Act;
(d)
the redemption of any shares or stock which it is required or entitled to redeem;
(e)
any other expenditure properly chargeable to capital account.
(2)
The Authority may make rules not inconsistent with this
Act to provide for such matters in connection with shares, stock, bonds, debentures or debenture stock issued under this Act as may appear necessary or expedient to the Authority, and, in particular, for regulating the method of issue, transfer, redemption, or other dealing with such shares, stock, bonds, debentures or debenture stock.
Bank guarantee 12b. The Authority or its corporation established under section 42
may, in the normal course of performing its duties, issue one or more bank guarantees to any person for such purpose and to such extent as the Authority may, with the approval of the Minister, determine.
Investments