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mylaw.myby aturio
In forceUpdated to 1 Feb 2013Read it in Bahasa Malaysia
Contents

Part II · The Corporation

Section 4

(1)

Without prejudice to its powers as prescribed in its

Memorandum and Articles of Association, the Corporation shall have the power to—

(a)

carry on business as an asset management company and to acquire the whole or any part of any asset or liability of whatever form of any person, and to manage, finance and dispose of such asset or liability; and

(b)

carry out, manage or enter into any activity in relation to such asset or liability.

14 Laws of Malaysia

(2)

The powers conferred on the Corporation under subsection (1)

shall be in addition to and not in derogation of any of the rights, powers, liberties, privileges and benefits conferred on the

Corporation by this Act or any other law.

(3)

In addition to the powers vested in the Corporation by its

Memorandum and Articles of Association and this Act, the

Corporation may exercise such other powers as may be expedient or reasonably necessary for or in connection with or incidental to its objectives and the provisions of this Act shall apply to the

Corporation in respect of the exercise of such powers.

Report

Read on from s 5

Part III

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

Read on from Part III

Part IV

Guarantee by the Government

Read on from Part IV

Part V

Acquisition and Disposition by the Corporation

Read on from Part V

Part VI

Management of Assets and Liabilities

Read on from Part VI

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