Section 14
Formation of companies, etc.
of Sarawak Forestry Corporation Ordinance, 1995
State OrdinanceIn forceProvision 14 of 35
Section 14
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(1)
The Corporation may, from time to time, with the written approval of the Minister, incorporate or establish companies by such name as the Corporation may determine to carry out and have the charge, conduct and management on behalf of the Corporation of any project, scheme or enterprise as may be decided by the
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Corporation in the discharge of its functions and the exercise of its powers.
(2)
Any company incorporated or established by the
Corporation may be wholly owned by the Corporation or may be a subsidiary or related or associated company of the Corporation.