Pengurusan Danaharta Nasional Berhad Act 1998 · s 17

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17.
Other Registrars to give effect to vesting certificate
(1) Notwithstanding the provisions of any other law, every
Registrar of the High Courts, the Registrar of Companies, the
Registrar General of Ships, a central depository, an authorized depository agent, and any person maintaining a register or record of ownership, interest or security, as the case may be, shall, on receipt of—
(a) payment of the prescribed fee; and
(b) the applicable form—
(i) with the vesting certificate attached to it; and
(ii) showing the identity of the person or asset affected by the vesting, without the need for any further application or filing of any further documents, do all things and make all entries in any register or record kept by that person as may be necessary to give effect to the vesting of the asset to which the vesting certificate relates.
(2) For the purpose of this section, subsection 112A(1) of the
Companies Act 1965 shall be deemed to apply to the Corporation as if for the word “thirty” in that subsection the word “ninety” had been substituted.
(3) A Registrar or person who maintains a register or record mentioned in section 16 and this section shall not be liable to any person in respect of the making of any memorial on the register document of title or any other entry in the register or record in reliance on the vesting certificate.

28                                          Laws of Malaysia

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s 17Other Registrars to give effect to vesting certificate

(1)

Notwithstanding the provisions of any other law, every

Registrar of the High Courts, the Registrar of Companies, the

Registrar General of Ships, a central depository, an authorized depository agent, and any person maintaining a register or record of ownership, interest or security, as the case may be, shall, on receipt of—

(a)

payment of the prescribed fee; and

(b)

the applicable form—

(i)

with the vesting certificate attached to it; and

(ii)

showing the identity of the person or asset affected by the vesting, without the need for any further application or filing of any further documents, do all things and make all entries in any register or record kept by that person as may be necessary to give effect to the vesting of the asset to which the vesting certificate relates.

(2)

For the purpose of this section, subsection 112A(1) of the

Companies Act 1965 shall be deemed to apply to the Corporation as if for the word “thirty” in that subsection the word “ninety” had been substituted.

(3)

A Registrar or person who maintains a register or record mentioned in section 16 and this section shall not be liable to any person in respect of the making of any memorial on the register document of title or any other entry in the register or record in reliance on the vesting certificate.

28 Laws of Malaysia