s 32 Restriction on holding of shares
No member of a trust company shall at any time hold or have any interest in shares in the capital of the company to an amount exceeding one-fifth of the issued capital of the company for the time being.
Trust Companies Act 1949 s 32
Trust Companies Act 1949 s 32
Malay text (authoritative)
Sekatan mengenai pemegangan syer
Tiada seorang pun anggota syarikat amanah boleh pada bilabila masa memegang atau mempunyai apa-apa kepentingan mengenai syer dalam modal syarikat itu hingga amaun melebihi satu perlima daripada modal terbitan syarikat itu pada masa ini.
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
What to look at next
Trust Companies Act 1949, full textChapter navigation and full text, so you can read this section in contextMalaysia legislationMalaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearMalaysia: what this database coversWhich datasets are here, which official source they come from, and how current they areMalaysia overview