Malaysia legislation
Section 9
Section 9
(2)
The Minister of Finance may exercise all rights and powers as the holder of shares in the capital of the Corporation as prescribed under its Memorandum and Articles of Association.
(3)
Notwithstanding subsection 147(6) of the Companies Act 1965, where the Minister of Finance is beneficially entitled to the whole of the issued shares of the Corporation, a minute signed by a duly authorized representative of the Minister of Finance stating that any act, matter or thing, or any ordinary or special resolution required by the Companies Act 1965 or by the Memorandum or Articles of
Association of the Corporation to be made, performed or passed by or at an ordinary general meeting or an extraordinary general meeting of the Corporation has been made, performed, or passed that act, matter, thing, or resolution shall, for all purposes, be deemed to have been duly made, performed, or passed by or at an ordinary general
Pengurusan Danaharta Nasional Berhad 17
meeting, or as the case requires, by or at an extraordinary general meeting of the Corporation.
(4)
In the application of section 36, subparagraph 217(2)(a)(i) and paragraph 218(1)(d) of the Companies Act 1965 to the Corporation, the Minister of Finance shall be deemed the holding company of the
Corporation.