Bank Pertanian Malaysia Berhad Act 2008 s 6
s 6 Government investment in securities of the Bank
(1) The Minister may, through the Corporation, at any time, acquire—
(a) securities of the Bank or of any subsidiary of the Bank; or
(b) rights to subscribe for any such securities.
(2) The Minister may dispose of any securities or rights acquired by the Corporation 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 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 Bank which—
(a) is effected by the issue of shares allotted at a time when the Bank is 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 Corporation under paragraph (1)(a).
*NOTE—The Companies Act 1965 [Act 125] has since been repealed by the Companies Act 2016 [Act 777] w.e.f. 31 January 2017 –see subsection 620(1) of Act 777.
Malay text (authoritative)
Pelaburan Kerajaan dalam sekuriti Bank
(1) Menteri boleh, melalui Perbadanan, pada bila-bila masa, memperoleh—
(a) sekuriti Bank atau mana-mana subsidiari Bank; atau
(b) hak untuk melanggan apa-apa sekuriti sedemikian.
(2) Menteri boleh melupuskan mana-mana sekuriti atau hak yang diperoleh oleh Perbadanan di bawah seksyen ini.
(3) Apa-apa perbelanjaan yang dilakukan oleh Perbadanan berbangkit daripada peruntukan seksyen ini hendaklah dikira sebagai pelaburan dan dibenarkan di bawah subperenggan 8(3)(a)(iv) Akta Tatacara Kewangan 1957 [Akta 61].
(4) Apa-apa dividen atau jumlah wang lain yang diterima oleh Perbadanan sebagai hak pada, atas pelupusan atau selainnya yang berkaitan dengan, apa-apa sekuriti atau hak yang diperoleh di bawah seksyen ini hendaklah dibayar ke dalam Kumpulan Wang Disatukan.
(5) Duti setem tidak boleh dikenakan berkenaan dengan apa-apa pertambahan modal Bank yang—
(a) diakibatkan oleh penerbitan syer yang diuntukkan pada masa Bank dipunyai pada keseluruhannya oleh Kerajaan; dan
(b) diperakui oleh Perbendaharaan sebagai telah diakibatkan oleh penerbitan syer yang dilanggan oleh Perbadanan di bawah perenggan (1)(a).
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Find Act 684 on lom.agc.gov.my ↗
Text as at 1 October 2018 (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).
