s 2 Interpretation
In this Act, unless the context otherwise requires— “Exchange” means Kuala Lumpur Stock Exchange; “rights” means all rights, powers, privileges and immunities, whether present or future, actual, contingent or prospective, and whether enforceable in Malaysia or elsewhere; “property” means any movable or immovable property and includes— (a) in relation to property, any interest, easement or right, whether equitable or legal, title, claim, chose-in-action, power or privilege, whether present or future, vested or contingent, or which is otherwise of value; (b) any conveyance executed for conveying, assigning, appointing, surrendering or otherwise transferring or disposing of immovable property, of which the person executing the conveyance is proprietor, possessed or entitled to a contingent right either for the whole interest or for any less interest; (c) securities; (d) any negotiable instrument, including any bank note, bearer note, Treasury Bill, dividend warrant, bill of exchange, promissory note, cheque and negotiable certificate of deposit; (e) any mortgage or charge, whether legal or equitable guarantee, lien or pledge, whether actual or constructive letter of hypothecation or trust receipt, indemnity undertaking or other means of securing payment o discharge of a debt or liability, whether present or future vested or contingent; and (f) any other tangible or intangible property; “rules” has the meaning assigned to it in the Securities Industry Act 1983 [Act 280]; “liabilities” includes debts, charges, duties and obligations of every description, whether present or future, vested or contingent; “Minister” means the Minister for the time being charged with the responsibility for finance; “Registrar” has the meaning assigned to it in the Companies Act 1965 [Act 125]; “Commission” means the Securities Commission established under the Securities Commission Act 1993 [Act 498]; “company limited by shares” has the meaning assigned to it in the Companies Act 1965; “transferee company” means a company designated by the Minister under section 8; “vesting date” means the date appointed by the Minister under section 9; “conversion date” means the date on which the Exchange is converted to a public company limited by shares as appointed by the Minister under subsection 3(3); “vested”, in relation to property, includes having rights to property which are future or contingent and rights in reversion and remainder.