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← Asian Infrastructure Investment Bank Act 2017

Asian Infrastructure Investment Bank Act 2017 s 5

Asian Infrastructure Investment Bank Act 2017 s 5

s 5 Power to subscribe to shares of the capital stock of the Bank

The Minister is authorized to subscribe on behalf of the Government— (a) to shares of the original authorized capital stock of the Bank in accordance with paragraph 1 of Article 5 of the Agreement to an amount not exceeding one hundred and nine million and five hundred thousand United States dollars; (b) where the shares of the Government have been increased at the request of the Government under paragraph 3 of Article 5 of the Agreement, to the amount of such increase; and (c) where the original authorized capital stock of the Bank is increased under paragraph 4 of Article 5 of the Agreement, to a proportion of the increase of stock as provided in that paragraph.

Malay text (authoritative)

Kuasa untuk memohon beli syer saham modal Bank

Menteri diberi kuasa untuk memohon beli bagi pihak Kerajaan— (a) syer saham modal dibenarkan Bank yang asal mengikut perenggan 1 Perkara 5 Perjanjian bagi suatu amaun yang tidak melebihi seratus sembilan juta dan lima ratus ribu dolar Amerika Syarikat; (b) jika syer Kerajaan telah ditambah atas permintaan Kerajaan di bawah perenggan 3 Perkara 5 Perjanjian, sebanyak amaun pertambahan itu; dan (c) jika saham modal dibenarkan Bank yang asal ditambah di bawah perenggan 4 Perkara 5 Perjanjian, sebanyak suatu kadar daripada pertambahan saham sebagaimana yang diperuntukkan dalam perenggan itu.

Read this section in the full act →

Find Act 786 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).

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