Lembaga Padi dan Beras Negara (Successor Company) Act 1994 s 4
Lembaga Padi dan Beras Negara (Successor Company) Act 1994 s 4
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 4
(1) As a consequence of the vesting in the successor Government company of the property, rights and liabilities under the successor section 3, the successor company shall issue such company. securities of the company as the Minister of Finance may, after consultation with the Minister, from time to time, direct to the Corporation.
(2) Securities required to be issued in pursuance of this section shall be issued or allotted at such times and on such terms, as to allotment, as the Minister of Finance may, after consultation with the Minister, direct.
(3) Securities required to be issued in pursuance of this section—
(a) shall be of such nominal value as the Minister of Finance may direct; and
Lembaga Padi dan Beras Negara (Successor Company)
(b) shall be issued as fully paid and treated for the purposes of the Companies Act 1965 as if they had been paid up by virtue of the payment to the successor company of their nominal value.
(4) The Minister of Finance may, after consultation with the Minister, dispose of any securities issued or of any rights to securities initially allotted to the Corporation in pursuance of this section.
(5) Any dividends or other sums received by the Corporation in right of, on the disposal of or otherwise in connection with, any securities or rights acquired by virtue of this section shall be paid into the Consolidated Fund.
Malay text (authoritative)
(1) Berbangkit daripada peletakhakan pada syarikat Pegangan pengganti akan harta, hak dan liabiliti di bawah seksyen Kerajaaan 3, syarikat pengganti itu hendaklah menerbitkan apa- dalam apa sekuriti syarikat sebagaimana Menteri Kewangan syarikat boleh arahkan, selepas berunding dengan Menteri, dari pengganti. semasa ke semasa, kepada Perbadanan.
(2) Sekuriti-sekuriti yang dikehendaki diterbitkan menurut seksyen ini hendaklah diterbitkan atau diumpukkan pada bila-bila masa dan atas apa-apa terma, tentang pengumpukan, sebagaimana Menteri Kewangan boleh arahkan selepas berunding dengan Menteri.
(3) Sekuriti-sekuriti yang dikehendaki diterbitkan menurut seksyen ini-
(a) hendaklah daripada apa-apa nilai nominal sebagaimana Menteri Kewangan arahkan; dan
(b) hendaklah diterbitkan sebagai berbayar penuh dan dikira bagi maksud-maksud Akta Syarikat 1965 seolah-olah ia telah dibayarkan melalui pembayaran nilai nominal kepada syarikat pengganti.
(4) Menteri Kewangan boleh, selepas berunding dengan Menterl, melupuskan apa-apa sekuritı yang diterbitkan atau apa-apa hak pada sekuriti yang diumpukkan pada mulanya kepada Perbadanan menurut seksyen ini.
(5) Apa-apa dividen atau jumlah wang lain yang diterima oleh Perbadanan sebagai hak pada, atas pelupusan atau selainnya berkaitan dengan, apa-apa sekuriti atau hak yang diperolehi menurut kuasa seksyen ini hendaklah dibayar ke dalam Kumpulan Wang Disatukan.
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).
