Laws
Pengurusan Danaharta Nasional Berhad Act 1998
Part VI
s 26

In forceUpdated to 1 Feb 2013Current version · Updated to 1 Feb 2013Read it in Bahasa Malaysia

Contents

Pengurusan Danaharta Nasional Berhad Act 1998

Find in this Act

IPreliminary

1Short title, application and commencement
2Interpretation

IIThe Corporation

3The Corporation and its objective
4
5The Board
6Application of the Corporation’s Memorandum and Articles of Association
7Disclosure of interest
8Accounts

IIIAcquisition of Share Capital of the Corporation by the Minister of Finance

9Acquisition of share capital of the Corporation by the Minister of Finance

IVGuarantee by the Government

10Guarantee
11The Corporation to repay to Government sums paid under guarantee
12Terms and conditions which may be agreed to or approved

VAcquisition and Disposition by the Corporation

13Acquisition
14Vesting
14AReplacement vesting certificate
15Preservation of rights
16Additional provisions on land
17Other Registrars to give effect to vesting certificate
18Vesting of asset outside Malaysia
19Disposition by the Corporation
19AReplacement transfer certificate
20Permitted disclosure

VIManagement of Assets and Liabilities

21Interpretation in relation to Part VI
22Establishment and functions of the Oversight Committee
23Application by affected person for appointment of Special Administrator
24Recommendation by Corporation for appointment of Special Administrator
25Criteria for appointment of Special Administrator
25AAppointment of Special Administrator
26Appointment of Independent Advisor
27Circumstances where Special Administrator cannot be appointed
28Duration of administration
29Notification of appointment of Special Administrator
29AEffect of appointment of Special Administrator
30General powers of Special Administrator
31General duties of Special Administrator
32Special Administrator as affected person’s agent
33Officers of affected person to perform or exercise function with written approval
34Dealings with affected person’s assets
35Compensation
36Obligations of officer of affected person
37Investigation of affairs
38(1) No person is entitled, as against the Special Administrator—
39(1) The Special Administrator may require any person who has in his possession or control assets or books to which the affected person appe...
39AEffect of obstructing or hindering the Special Administrator
40Disclaimer
41Effect of appointment of Special Administrator
42Undue preference
42ARecovery of cash considerations from assets acquired or sold before the appointment of Special Administrator
43Vacation of office of receiver, etc.
44Special Administrator to prepare proposal
45The Corporation to consider proposal
46Secured creditors meeting
47Implementation of proposal
48Modifications to the proposal
49Regulatory approval conditions
50Rejection or discontinuance of proposal
51Qualifications of Special Administrator
52Qualifications of Independent Advisor
53Two or more Special Administrators
54Report of misconduct
55Validity of transaction
56Where —

VIIAdditional Rights

57Entitlement to dispose assets by private treaty

VIIIApplication of Other Acts

58Application of other Acts

IXApplication of the Act

59Transfers to and between subsidiaries of the Corporation
60Application of the Act to subsidiaries of the Corporation
61Power of Minister to direct certain provisions not to apply
62Application of Part IV to be continued

XGeneral

63Judicial notice
64Offer to the Corporation
65Obligation of secrecy
66Immunity
66AIndemnity
66BOffences committed by company
67No petition to wind up the Corporation
68Power to make regulations
69Things done in anticipation of the enactment of this Act
70Power to terminate operation of this Act
71Acts done in good faith
72Limits on the grant of orders of court

Schedules

FIRST SCHEDULE [Subsection 5(4)] Appointment revocation and resignation 1. (1) A member of the Board shall, subject to such conditions as m...
SECOND SCHEDULE [Section 30] 1. Power to do all things (including the carrying out of works) as may be necessary for the management and rea...

Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part VI · Management of Assets and Liabilities

26. Appointment of Independent Advisor

No plain-English summary for s 26 yet. See the rest of this law

Official textFrom Laws of Malaysia Online, unchanged

(1)

Where a Special Administrator is or is to be appointed under section 23 or 24, the Oversight Committee on the recommendation of the Corporation may approve the appointment of an Independent Advisor.

Special Administrator

Defined · s 2

“Special Administrator” means the person appointed under section 23 or 24;

Open s 2

(2)

The Corporation may, with the approval of the Oversight

Corporation

Defined · s 2

“Corporation” means the Pengurusan Danaharta Nasional Berhad;

Open s 2

Committee, appoint the Independent Advisor.

Independent Advisor

Defined · s 2

“Independent Advisor” means a person appointed under section 26;

Open s 2

Terms defined in s 2

Corporation
Defined · s 2
“Corporation” means the Pengurusan Danaharta Nasional Berhad;
Open s 2
Independent Advisor
Defined · s 2
“Independent Advisor” means a person appointed under section 26;
Open s 2
Special Administrator
Defined · s 2
“Special Administrator” means the person appointed under section 23 or 24;
Open s 2

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Part VII

Additional Rights

Read on from Part VII

Part VIII

Application of Other Acts

Read on from Part VIII

Part IX

Application of the Act

Read on from Part IX

Part X

General

Read on from Part X

Schedules

Details

Pengurusan Danaharta Nasional Berhad Act 1998 · s 26

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Where this comes from

Laws of Malaysia Online · Pengurusan Danaharta Nasional Berhad Act 1998, Updated to 1 Feb 2013. Reader record updated on 2 Oct 2026.

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