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← Interest Schemes Act 2016

Interest Schemes Act 2016 s 62

Interest Schemes Act 2016 s 62

s 62 Winding up of scheme as required by trust deed or contractual agreement

(1) The trust deed or contractual agreement of a scheme may provide that the scheme is to be wound up— (a) at a specified time; or (b) in the specified circumstances or on the happening of a specified event. (2) A provision of the trust deed or contractual agreement that purports to provide that the scheme is to be wound up if a particular company ceases to be its management company shall be void.

Malay text (authoritative)

Penggulungan skim sebagaimana yang dikehendaki oleh surat ikatan amanah atau perjanjian kontraktual

(1) Surat ikatan amanah atau perjanjian kontraktual suatu skim boleh memperuntukkan bahawa skim itu akan digulung— (a) pada suatu masa yang dinyatakan; atau (b) dalam hal keadaan yang dinyatakan atau pada berlakunya sesuatu peristiwa yang dinyatakan. (2) Suatu peruntukan surat ikatan amanah atau perjanjian kontraktual yang berupa untuk memperuntukkan bahawa skim itu akan digulung jika suatu syarikat tertentu terhenti menjadi syarikat pengurusannya hendaklah terbatal.

Read this section in the full act → · Open Part V →

Find Act 778 on lom.agc.gov.my ↗

Text as at 1 March 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).

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