Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part V · Acquisition and Disposition by the Corporation
17. Other Registrars to give effect to vesting certificate
Official textFrom Laws of Malaysia Online, unchanged
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—
central depository
“central depository” has the meaning assigned to it in the Securities Industry (Central Depositories) Act 1991;
payment of the prescribed fee; and
the applicable form—
with the vesting certificate attached to it; and
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.
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.
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.
vesting certificate
“vesting certificate” means a certificate issued under section 14 and includes a replacement vesting certificate issued under section 14A;
28 Laws of Malaysia
Terms defined in s 2
asset
Defined · s 2“asset” includes any credit facility, property and business or enterprise of any kind;
authorized depository agent
Defined · s 2“authorized depository agent” has the meaning assigned to it in the Securities Industry (Central Depositories) Act 1991;
central depository
Defined · s 2“central depository” has the meaning assigned to it in the Securities Industry (Central Depositories) Act 1991;
security
Defined · s 2“security” includes a mortgage or charge, whether legal or equitable, debenture, bill of exchange, promissory note, guarantee, lien or pledge, whether actual or constructive, hypothecation, indemnity, undertaking or other means of securing payment or discharge of a debt or liability, whether present or future, or whether vested or contingent;
vesting certificate
Defined · s 2“vesting certificate” means a certificate issued under section 14 and includes a replacement vesting certificate issued under section 14A;
Part VI
Management of Assets and Liabilities
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X