Section 50
Rejection or discontinuance of proposal
of Pengurusan Danaharta Nasional Berhad Act 1998
ActIn forceProvision 56 of 113
Section 50
Where the Corporation directs the Special Administrator to abandon the proposal or otherwise discontinue the implementation of the proposal under section 49 or the proposal is not approved under section 46 or 48, the Corporation may consider other options to deal with the management and disposition of the assets of the affected person and may —
(a)
request the Special Administrator to submit a new proposal;
(b)
remove the moratorium imposed under section 41; or
58 Laws of Malaysia
(c)
appoint a replacement Special Administrator.