Malaysia legislation
Section 3D
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
Section 3D
Application to companies of statutory bodies
(2)
For the purpose of this section, any company which is wholly owned by the State Financial Secretary, a corporation incorporated under the State Financial Secretary (Incorporation)
Ordinance [Cap. 36] or where the majority of its issued share capital are held by the State Financial Secretary shall be deemed to be a company which is wholly owned by or a subsidiary of a statutory body.
[Add. Cap. A112.]