Perbadanan Pembangunan Bandar (Successor Company) Act 1996 s 5
s 5 Government investment in securities of the successor company
(1) The Minister of Finance may, after consultation with the Minister, at any time, acquire⎯
(a) securities of the successor company or of any subsidiary of the successor company; or
(b) rights to subscribe for any such securities.
(2) The Minister of Finance may, after consultation with the Minister, dispose of any securities or rights acquired under this section.
(3) Any expenses incurred by the Corporation in consequence of the provisions of this section shall be treated as investments and be authorized under subparagraph 8(3)(a)(iv) of the Financial Procedure
* NOTE—The Companies Act 1965 [Act 125] has since been repealed by the Companies Act 2016 [Act 777] which comes into operation on 31 January 2017–see subsection 620(1) of Act 777.
Laws Of Malaysia ACT 548
Act 1957 [Act 61].
(4) 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 under this section shall be paid into the Consolidated Fund.
(5) Stamp duty shall not be chargeable in respect of any increase in the capital of the successor company which⎯
(a) is effected by the issue of shares allotted at a time when the successor company was wholly owned by the Government; and
(b) is certified by the Treasury as having been effected by the issue of shares subscribed for by the Minister of Finance under paragraph (1)(a).
Malay text (authoritative)
Pelaburan Kerajaan dalam sekuriti syarikat pengganti
(1) Menteri Kewangan boleh, selepas berunding dengan Menteri, pada bila-bila masa, memperoleh⎯
(a) sekuriti syarikat pengganti atau mana-mana subsidiari syarikat pengganti; atau
(b) hak untuk memohon beli mana-mana sekuriti sedemikian.
(2) Menteri Kewangan boleh, selepas berunding dengan Menteri, melupuskan mana-mana sekuriti atau hak yang diperolehi di bawah seksyen ini.
(3) Apa-apa perbelanjaan yang dilakukan oleh Perbadanan berikutan dengan peruntukan seksyen ini hendaklah dikira sebagai pelaburan dan dibenarkan di bawah subperenggan 8(3)(a)(iv) Akta Prosedur Kewangan 1957 [Akta 61].
(4) Apa-apa dividen atau jumlah wang lain yang diterima oleh Perbadanan sebagai hak pada, atas pelupusan atau selainnya berkaitan dengan, mana-mana sekuriti atau hak yang diperolehi di bawah seksyen ini hendaklah dibayar ke dalam Kumpulan Wang Disatukan.
(5) Duti setem tidak boleh dikenakan berkenaan dengan apa-apa pertambahan modal syarikat pengganti yang⎯
(a) dilaksanakan dengan penerbitan syer yang diuntukkan pada masa syarikat pengganti dipunyai pada keseluruhannya oleh Kerajaan; dan
(b) diperakui oleh Perbendaharaan sebagai telah dilaksanakan dengan penerbitan syer yang dimohon beli oleh Menteri Kewangan di bawah perenggan (1)(a).
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Find Act 548 on lom.agc.gov.my ↗
Text as at 15 November 2025 (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).
