Malaysia legislation
Section 11
Section 11
“Investment by Lembaga
The principal Act is amended by inserting after section 23
the following sections:
Quoted provision
Section 24
The Lembaga may, with the approval of the Minister and Minister of Finance, incorporate a company to carry on or engage in any activity approved or undertaken by the Lembaga for the purpose of this Act.
Quoted provision
Section 25
Provision for advancement from Federal Consolidated Fund
If the Lembaga is at any time unable to pay any sum of money standing to the credit of the contributor’s account to the contributor, the heir or the next of kin of the contributor, as required under this Act, the sum required to be so paid shall be charged on and advanced to the Lembaga from the Federal Consolidated Fund and the Lembaga shall, as soon as practicable, repay to the Government of Malaysia the sum so advanced.”.
Amendment of Second Schedule