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← Malaysia Deposit Insurance Corporation Act 2011

Malaysia Deposit Insurance Corporation Act 2011 s 10

Malaysia Deposit Insurance Corporation Act 2011 s 10

s 10 Establishment of subsidiaries

(1) For the purposes of carrying out its functions, powers and duties under this Act, the Corporation may establish such subsidiaries as it considers necessary or expedient. (2) Without prejudice to any other provision of this Act, the Corporation may prescribe, with the approval of the Minister, for any provision of this Act to be applicable to a subsidiary of the Corporation as if the subsidiary of the Corporation is the Corporation itself.

Malay text (authoritative)

Penubuhan subsidiari

(1) Bagi maksud menjalankan fungsi, kuasa dan kewajipan di bawah Akta ini, Perbadanan boleh menubuhkan apa-apa subsidiari sebagaimana yang difikirkannya perlu atau suai manfaat. (2) Tanpa menjejaskan mana-mana peruntukan lain Akta ini, Perbadanan boleh menetapkan, dengan kelulusan Menteri, bagi manamana peruntukan Akta ini untuk terpakai bagi suatu subsidiari Perbadanan seolah-olah subsidiari Perbadanan itu ialah Perbadanan itu sendiri.

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Find Act 720 on lom.agc.gov.my ↗

Text as at 21 July 2023 (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).

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