Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part X · General
67. No petition to wind up the Corporation
Official textFrom Laws of Malaysia Online, unchanged
Notwithstanding the provisions of the Companies Act 1965
or any other law, no person other than the Minister may present a petition for the winding up of the Corporation or appoint a receiver, receiver and manager, trustee, custodian, intervenor or take any proceedings similar in purpose or effect as an arrangement or liquidation proceeding in respect of the Corporation.
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
The Corporation, its officers or employees shall not at any time be taken for any purpose, or declared by any Court or person, as carrying on the business of the Corporation with intent to defraud creditors or to have committed any offence by reason of the fact that the Corporation is carrying on business when it is insolvent or likely to be insolvent.
68 Laws of Malaysia
No officer of the Corporation shall be held liable or be guilty of an offence in any proceedings related to subsection (2).
No officer or employee of the Corporation shall be disqualified under section 130A of the Companies Act 1965 or in any way precluded or otherwise barred from holding any office, or from admission to or membership of any professional or other body under any laws solely by reason of the fact that the officer or employee was an officer or employee of the Corporation.
An officer or employee of the Corporation shall not be taken to be no longer a fit and proper person solely by reason of the fact that the officer or employee was an officer or employee of the
Corporation.
For the purpose of this section —
“officer”, in relation to the Corporation, includes a person occupying the position of a director by whatever name called, a person in accordance with whose directions or instructions the members of the Board are accustomed to act, an alternate director and the secretary of the Corporation;
“employee” means any person employed by the Corporation.
Terms defined in s 2
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;
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for finance;