Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part VI · Management of Assets and Liabilities
29. Notification of appointment of Special Administrator
Official textFrom Laws of Malaysia Online, unchanged
Where a Special Administrator has been appointed under section 23 or 24, the Special Administrator shall—
Special Administrator
“Special Administrator” means the person appointed under section 23 or 24;
within two days after such appointment give written notice thereof to the affected person;
within seven days after such appointment lodge a notice of the Special Administrator’s appointment with the
Registrar of Companies in the form prescribed under this
Act; and
within seven days after such appointment cause a notice of the Special Administrator’s appointment to be published in at least two national daily newspapers, one of which shall be in the national language.
Every invoice, order for goods or services, business letter, cheque, credit note or negotiable instrument or bill of lading which, after the appointment of a Special Administrator in relation to the affected person, is issued by or on behalf of the affected person or the
business
“business” means any activity carried on for the purpose of gain and includes all property derived from, or used in or for the purpose Pengurusan Danaharta Nasional Berhad 9 of, carrying on such activity and all rights and liabilities arising from such activity;
Special Administrator, being a document on or in which the affected person’s name appears, shall contain the words “Special
affected person
“affected person” means— (a) any company owing a duty or liability under a credit facility to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; (b) any subsidiary of the company referred to in paragraph (a); (c) any company which has provided security for the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; or Pengurusan Danaharta Nasional Berhad 31 (d) any company where at least two per cent of its share capital has been charged, pledged or mortgaged by any person to secure the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent;
Administrator Appointed” or similar words.
A contravention of this section shall not affect the validity of the acts of the Special Administrator in the administration of the affected person.
Any person who contravenes this section commits an offence and shall on conviction be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
38 Laws of Malaysia
Terms defined in this Act
affected person
Defined · s 21“affected person” means— (a) any company owing a duty or liability under a credit facility to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; (b) any subsidiary of the company referred to in paragraph (a); (c) any company which has provided security for the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; or Pengurusan Danaharta Nasional Berhad 31 (d) any company where at least two per cent of its share capital has been charged, pledged or mortgaged by any person to secure the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent;
business
Defined · s 2“business” means any activity carried on for the purpose of gain and includes all property derived from, or used in or for the purpose Pengurusan Danaharta Nasional Berhad 9 of, carrying on such activity and all rights and liabilities arising from such activity;
Special Administrator
Defined · s 2“Special Administrator” means the person appointed under section 23 or 24;
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X