s 8 Powers to establish corporations
(1) The Majlis may, with the approval of the Yang di-Pertuan Agong, from time to time by order published in the Gazette, establish a corporation by such name as the Majlis 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 Majlis in execution of its duty or powers under section 7. (2) The Majlis shall, with the approval of the Yang di-Pertuan Agong, by the same or by a different order, make provisions in respect of a corporation established under subsection (1) defining— (a) the duties, powers, and rights of the corporation; (b) the system of management of the corporation; and (c) the relations between the corporation and the Majlis and its right of control over the corporation. (3) The provisions of the Second Schedule shall apply to a corporation established by the Majlis under subsection (1). Power to establish companies and validation of companies established 8 A. (1) The Majlis may, with the approval of the Yang di-Pertuan Agong, establish companies under the Companies Act 1965 [Act 125] to carry out any activity which has been planned or undertaken by the Majlis in execution of its duty or powers under section 7. (2) Every company established or purported to be established by the Majlis under the Companies Act 1965 before the commencement of this section shall be deemed to have been lawfully established and shall continue to exist as if it had been established by the Majlis under subsection (1). (3) Any financing or financial assistance given by the Majlis under subsection 7(2) to a company referred to in subsection (2) shall be deemed to have been lawfully given.