Skills Development Fund Act 2004 s 11
s 11 Additional powers of the Corporation
The Corporation may, with the approval of the Minister and the consent of the Minister of Finance—
(a) where it appears requisite, advantageous or convenient for or in connection with the discharge of the functions, exercise of the powers and carrying on of the activities of the Corporation, enter into equity participation, partnership, joint venture, undertaking or any other form of cooperation or arrangement in association, or otherwise, with—
(i) an enterprise, a company, or a private undertaking constituted for the carrying on of business in Malaysia or elsewhere;
(ii) the Federal Government or any State Government;
(iii) any statutory authority; or
(iv) a commission; and
(b) establish or promote the establishment of companies under the Companies Act 1965 [Act 125], to carry on or engage in any activity which has been planned or is being undertaken by the Corporation.
Malay text (authoritative)
Kuasa tambahan Perbadanan
Perbadanan boleh, dengan kelulusan Menteri dan keizinan Menteri Kewangan—
(a) jika ia ternyata diperlukan, berfaedah atau sesuai bagi atau berkaitan dengan penunaian fungsi, penjalanan kuasa dan pelaksanaan aktiviti Perbadanan, memasuki penyertaan ekuiti, perkongsian, usaha sama, pengusahaan atau apa-
apa bentuk kerjasama atau perkiraan lain bersama-sama, atau selainnya, dengan—
(i) sesuatu perusahaan, syarikat atau pengusahaan swasta yang ditubuhkan bagi menjalankan perniagaan di Malaysia atau di tempat lain;
(ii) Kerajaan Persekutuan atau mana-mana Kerajaan Negeri;
(iii) mana-mana pihak berkuasa berkanun; atau
(iv) sesuatu suruhanjaya; dan
(b) menubuhkan atau menganjurkan penubuhan syarikat di bawah Akta Syarikat 1965 [Akta 125], untuk menjalankan atau melibatkan diri dalam apa-apa aktiviti yang telah dirancangkan atau diusahakan oleh Perbadanan.
Read this section in the full act → · Open Part III →
Find Act 640 on lom.agc.gov.my ↗
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).
