Skip to content

Section 23

Lembaga may establish corporation

of Tabung Angkatan Tentera Act 1973

ActIn forceProvision 32 of 35
Section 23
(1)

The Lembaga may from time to time, on the advice given by the

Investment Panel and with the approval of the Minister and the concurrence of the Minister of Finance, by order published in the

Gazette establish a corporation by such name as the Lembaga may think fit to carry out and have the charge, conduct and management of any project, scheme or enterprise which has been planned or undertaken by the Lembaga in furtherance of its functions under this Act, and the corporation may so do either by itself or by entering into partnership or any arrangement for sharing of profits, co-operation, joint venture or otherwise.

(2)

Any moneys required for the establishment of a corporation shall be derived from the moneys made available for investment under paragraph 15(1)(a).

(3)

The provisions of the Third Schedule shall apply to every corporation.