Act 532 Public Trust Corporation Act 1995

8/8/2019 Act 532 Public Trust Corporation Act 1995

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Public Trust Corporation

LAWS OF MALAYSIA

RepRint

At 532

PubLIc TruST cOrPOrATIOn

AcT 1995 Incorporating all amendments up to 1 January 2006

published by

the CommissioneR of law Revision, malaysia

undeR the authoRity of the Revision of laws aCt 968

in CollaboRation with

peRCetakan nasional malaysia bhd

2006

http://perjanjian.org

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PubLIc TruST cOrPOrATIOn AcT 1995

d R a ... ... ... 7 frr 995

d c Gazette 6 frr 995

Previous rePrint

First Reprint ... ... ... ... ... 2002


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3/33

LAWS OF MALAYSIA

At 532


aRRanGement of seCtions

Part i

pReliminaRy

sc

. sr cc

. irr

Part ii

foRmation and owneRship of the CoRpoRationand vestinG pRovisions

. t Crr

4. vg r

5. i Gr g Crr

6. Gr rr r Crr

7. s

8. Gr m r Crr

9. mr fc r

Part iii

funCtions, poweRs and duties of the CoRpoRation

0. ojc

. a Crr

. a Crr r r xcr. Gr r r r Crr


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4 Laws of Malaysia Act 532

4. a Crr c xcr, etc .

5. Crr r gr r gr xrc r

r6. Crr rr

7. sr r rr

8. ar

9. p r c

0. ur

. Crr rr r

. agc

Part iv

finanCial pRovisions

Division

Bank Accounts and Power to Invest

. b cc

4. pr

Division

Common Fund

5. fr C f

6. exc r C f

7. ir c C f

8. Crr

9. Gr Rr f

Division

Group Investment Fund

0. fr Gr i f

. drc

. Gr i f rr, etc .

sc


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5/33

5Public Trust Corporation

Division 4

Fees

sc

. f crg Crr

Part v

GeneRal

4. ex r gg cr

5. ex r gg c r rr

6. Rgr Crr c r

7. a cc, etc .

8. ac Cr

9. lg rcg

40. pr r

4. pr g rc

4. Crr g rc

4. R g


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6 Laws of Malaysia Act 532http://perjanjian.org

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LAWS OF MALAYSIA

At 532


a ac rg pc tr

oc arr, r r g rr, rg

pc tr oc arr

c, rg xrc c r c r r r cc r

c r.

[Whole Act: Peninsular Malaysia1 August 1995;

Sabah except ss. 17 & 181 August 1995;

and Sarawak except ss. 15 to 181 August 1995,

P.U. (B) 351/1995]

bE IT EnAcTED sr p bg yg -pragg c c d ngr

d R pr , r

, :

Part i

pReliminaRy

Shot title ad ommeemet

1. () t ac c pc tr Crr

ac 995.

() t ac c rc c mr

, c Gazette, mr

r r cg rc r

r r ac rc r s rr m.


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8/33


Itepetatio

2. i ac, cx r rqr

r r c r xcr r rr;

rr r r r gr;

r cg rc r r ac r c ();

C f C f r rc 5;

*Crr crr r a R br crr r C ac 965[ Act 125] r c ;

Cr hg Cr r Jg c Cr c, c r r c, Rgrr, d Rgrr, sr a Rgrr a Rgrr hg Cr;

rr r, , g rcr Crr r r r rrr gr, rcr, rcr gr, qr rr, r r cc;

xcr r xc c r , r ,c;

Gr i f r f Gr if r r c 0;

c r c r rr;

r r r r c c r, r gr r x;

, , crg, g r cr (r r r r, cr cg, r r r r rr m r r);

*NOTECorporation was formerly known as Ofcial Administratorsee c c 4() ac.


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mr mr crg rr r r ;

*oc arr oc arr,m, r pr ar ac959 [ Act 97];

r gr r Cr rzg xcr r xcr r r;

rr c rr, r , , r, rg, r q

r g , r rr, c c, g;

pc tr pc tr, m, r pc tr ac 950 [ Act 247];

rg rg, r, rg ,r c, cg r rc;

r c xcr r rr;

r cr ccrg;

r rr c rr r r cr, r r, Crr r r;

, r rr, c rg rr cr r r cg rg rr rr.

Part ii

foRmation and owneRship of the CoRpoRationand vestinG pRovisions

The copoatio

3. tr Crr crr r C

ac 965 r a R br.

*NOTEAll references to the term Ofcial Administrator in the Probate and Administration Act959 [Act 97] rc r Crrsee c ac a9 c 4() ac.


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Vestig povisios

4. () sjc ac, mr , r ,

rr Gz, g c

rr, rg pc tr

Gr m rc r

r c mr rr ,

r ac, rrr Crr

cc, g r rr r.

() er rr Crr r

c () Crr r

, r r r

r r g .

() er c c Crr r

c () , r g , , rcr

r rc Crr

cr r Crr r pc tr r

Gr m g c r

c c g r c ().

(4) er rg Crr r

c () , r g , ,

rcr r rc r g Crr

cr r Crr r

pc tr r Gr m g c

r rg r c g

r c ().

(5) a g g rcg r g pctr r Gr m c r rr,

rg r rrr Crr

r c () , r g ,

c r g Crr.

(6) a rr r r cr,

r r, pc tr r r

g Crr r, rg,

, g c r r g x r c

ac r r r ac.


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(7) a rrc rr Cr, , crc,r r r c r pc trr oc arr cr rrc

Crr rg, r, g crr, , r r crr pctr r oc arr r r r c rr Cr, , crc, r r r c crr r r r rcrr Crr.

Iitial Govemet holdig i the copoatio

5. () a cqc g Crr rr, rg r c 4, Crr c r Crr mr fc mr fc , r c mr, r , rc.

() sr rqr r c r c c r mr fc , r c mr,

rc.

() sr r c

(a) c mr fc rc;

(b) r r r C ac 965 r Crr r .

(4) a r r rc mr fc r c Cf.

Govemet ivestmet i fthe isses of shaes of thecopoatio

6. () frr r Crr mr fc , r c mr, , rc.


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Laws of Malaysia Act 532

() a x crr mr fc cqc r c r rz r rgr 8()(a)()

fc prcr ac 957 [ Act 61].

() a r r rc mr fc r c Cf.

(4) s crg rc cr c Crr c

(a) c r;

(b) cr trr g c r cr r mr fc r c ().

Staff

7. () t Crr cc , mr c Gz, r r r

r pc tr r dr oc arr g Gr m r Crr.

() er c r r c () r Crr Crr r c rc r r c rc c r mr r

c ().

Govemet of Malaysia to hold al l shaes i thecopoatio

8. () t mr fc , r , Gr m, cr r r r cqr r Crr.

() sr Crr mr fc mr fc crr r mr fc (icrr) ac 957 [ Act 375].


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() ng r r r r , cr c r rgr rr r rrr c () cq cg

r g c mr fc.

(4) t mr fc xrc rg r cg r Crr .

(5) t mr fc , , r c C scrr Crr, rz, cr c r c c, r c rr r g rr Crr r c

rr, r rz xrc r, mr fc, mr fc c xrc r r g r g.

Miiste of Fiae to hold shaes

9. () t mr fc

(a) r r r Crr

r; r(b) r r Crr

r.

() ng c () rrrc r

(a) r cr r r c;

(b) cr rg gr g

Crr.

Part iii

funCtions, poweRs and duties of the CoRpoRation

Ojetives

10. t jc Crr r :

(a) rgz x cr g rgr r m c rg ccr crg ;


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(b) c r r rc.

Appoitmet of the copoatio

11. () i Cr, Gr m r r r m r r, xcr,rr, gr, x r, g, r, rcr,rcr gr r qr r r cr r, Crr .

() t Crr c r r j r r r cc c r, rg jc cr rr Cr r rcg cc.

() t Crr c cc gr rr c r.

(4) a r ggr c Crr c cc , r c, mr rg c mr c .

Appoitmet of copoatio as tstee o exeto

12. () t Crr r r r r r crg r r

rr r r gg c c rz cc, r r r r r crg r r r c r r r r , r rg r r, r r, c r r r Cr r r r cg cc.

() ng c , r r

r crg r r r r r rc rrqr r r r, Crr c r.


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() wr Crr r r, c-r rr r r r ccrc c 4 tr ac 949 [ Act 208],

g r r r r c c r rqr c.

(4) t Crr r r r r , r r rcrg r r c rc crr, Cr r rr.

(5) nc r Crrr r r , r rcc, g r c r r r m r r r rg , r, c cr r r, r gr.

(6) i r c c g Cr - r rc c, Cr , g rgr r cr cr x , rr

rg g :

pr r g c c r c.

Gat of poate ad lettes of admiistat io tocopoatio

13. () t Crr , c r c r r, gr r rr r Cr.

() t Cr cr Crr q r r r c r gr r r, c rc Crr rqr r gr r r r r

Crr r, r x-- c, r, r x-- rrr, r g c crr.


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Appoitmet of copoatio i plae of exetos, etc.

14. () t Cr , c r

c r, Crr, c c , c r xg xcr, rrr r.

() a xcr r r rr r r r r , c Cr r gg c c r c r Cr rc, g c r c r r rr, rr c r r

rr Crr r r r r j cg xcr, rr r r, .

() t rr Cr cg c rr ,jc ac, g Crr r xcr, rr r r.

(4) t xcr, rr r r rc c r r c r r rr q rr r c r r c r r r r cc r.

copoatio may apply fo gat o faile of gatee toextat lettes of admiistatio

15. i g c, :

(a) r r rc gr r r gc r gr r c cr rqr r; r

(b) r rr xrc gr r r r r rr r gr ,

Crr Cr rrr gr gr r r .


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copoatio may take possessio of popety

16. () t Crr , r c

c c r g rr m, r r r r c r rr gr Cr.

() a r r r xcr r r r rr rr, cc r r , , Crr, g c , cc, xcg r rgg

r r r r xcg x r .

() n rg g Crr r cr r g Crr r c rr r r r xc r xc r Crr c(); r ggr r c Cr r rr.

Smmay admiistatio of movale popety

17. () wr r , r r ,g rr m Crr r c g c

(a) rr c r, cg rr c c r r

c, xc x r rgg;

(b) r Cr r gr r r r r r g,

Crr , c r g c rr , rgcr r r rr, r

Crr r r rr g r r cr gr Crr, Crr


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rc c crg r r r rr Crr; c r c cr rr Rgr

Cr.

() (a) w Crr rr rrr c () xc rgg, rc r r r r r r r g c rr r r c r c r c Crr rqr Crr cr c cr rr r r

rr r rc rg rr.

(b) ng c c rg r rcr r r rr rr rgr (a) r r r.

(c) i rr rc r , Crr, rr rcc r, Crr rc rr r r r .

() t r crr Crr c rjc r , gr r r r r, rr c r crr r r rr :

pr r c r , rq, Crr r cc c rr , rqr, r r Crr r r rr rg r cr.

(4) a rr r r rr g cr r r c, Crr , x , g cr r c (), c rc

r rr rrr r gr r r gr r r rc c.


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(5) t rc rr rc Crr ccrc c () pcac 967 [ Act 344] r

rr c rr .

(6) t c c rr c c pr iii r iv s e(dr) ac 955 [Act 98] , , jc r, s.

Admiistatio of estates of small vale

18. () wr

(a) rr c r , cg rr c c r r c, xc rgg;

(b) r Crr r c r r ;

(c) Crr c r r c

7,

Crr r r c 7.

() wr rcg Crr r r r Cr c r cc r Crr Cr r r r r x r Crr Cr,

Cr rr r Crr, r, jc rc Cr,c 7 r r Crr r c 7.

Paymet of mios maiteae

19. () wr rr xcg

rgg Crr, r r gr r r Crr r r r crr Crr ac,


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rr Crr r r r

r r r, r r cg, ,

jc rr r r crg cg rr,

Crr cr, rg r c r, r c r

c c rr

crcc r r r c,

c r .

() wr rr xc r rgg

, Crr c

x rgg.

() p r c () ()

r r gr c r r r Crr

, cr, r r r r

(a) r c r r; r

(b) r r r r

c r c.

udistited fds

20. wr, cc r

r g r , r r

Crr c

r ccrc r

r g crg, rg c g

cc r r, r r r c c

Crr r c, Crr r r r r

xrc r r c 9.

copoatio may epeset mios

21. () t Crr , c r

c r r ,

Cr c x r r r r

g r rcg r.


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() i g r rcg c cr

r c-, Cr ,

r c Crr r r r,

Crr c x r r r rcg.

() i r rcg c r r

c c cr r c-,

Cr , r c

Crr r r r, Crr

c gr r r r r r

rcg.

(4) t Cr rr r c

Crr r g r

r c Cr r

Crr c cr c

r c c r g

r rc Crr.

(5) i r rcg c Crr

r c c r r, c rcr r Crr.

(6) i c c r r

r c r r r,

rcg rcg r R

hg Cr 980 [P.U. (A) 50 of 1980].

Agey

22. i r Crr c r

r r c Crr g r

r r r, r crr

Crr c r r xrc

c cr Crr Crr

r r:

pr g c rz r cr Crr r c

g .


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Part iv

finanCial pRovisions

Division

Bank Accounts and Power to Invest

bak aots

23. () t Crr

(a) gr cc c r rr g r ;

(b) c r cc r cr Crr rr c xrc r Crr.

() a g cr gr cc pc tr oc arr r rrr grcc r rgr ()(a).

Powe to ivest

24. sjc rr r, Crr r

(a) r cc , r, rr rr c r g;

(b) C f; r

(c) Gr i f.

Division

Common Fund

Fomatio of commo Fd

25. () sjc rr r, c r c r Crr r

r C f r r r .


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() a g cr C f r c 0 pc tr ac 950 rc r cc ac

rrr C f.

() sjc rr r, c gg c r Crrr r c cc C f.

(4) a r r c () r r r rg g r, r ccr c , c

r r r r , Crr, c r rz. fr r c, r ccr r r rc ccrg.

(5) a cc C f rc cc r cc r g rcr .

Exlsios fom commo Fd

26. t g c r r r C f:

(a) xr r cr c r c C f r rc r r

r r ;

(b) Crr c r r c 5();

(c) rg r Crr r Crr qr,rcr, rcr gr, g r rcr cc, c Crrg rgr crcc c

r r c r r , C f.


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Iteest paymets o apital moeys i commo Fd

27. () t r rc c

c r r C f c rr Crr , r mr,rcr g rgr r c Cf C f Gr Rrf rqr .

() sc r r qrr.

() ir r C f cr r rc :

pr Crr , cr, cr cr c r rq r c rcr .

copoatios liaility

28. () t Crr g c C f c c rr r

r Gr Rr f r c c r c r c.

() t c c c r c c C f r r r c 5() c c cr ccrc c 5(4).

Geeal reseve Fd

29. () a g cr rr r c 4(4) pc tr ac950 rc r cc ac rrr cr GrRr f.

() t Crr rc c r c g cr c cc C f

rcg r (r cg r cr r crg) crr cr Gr Rr f.


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() t Gr Rr f r

(a) g rg C f;

(b) g r r r r rcr r c C f;

(c) crrg gr r C f;r

(d) c r r mr rrcr.

(4) t Gr Rr f Crr c r r r r r .

Division

Group Investment Fund

Fomatio of Gop Ivestmet Fd

30. () t Crr , r , r mr fc mr, , r r C f, r r c c c Gr i f.wr r Gr i f ,c c f g rr gg r r.

() a rg r Gr i f c c r c Crr r f ,g rz r r r r c r r r r r .

() sjc c, r r

C f, Crr Gr i f c g rc


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r c r Gri f c r rr ( ) r r r grg .

(4) i r rg r Gri f cc r g rcr .

Dietios

31. t mr fc mr , rg Gr i f, cr g rc Crr rc g r:

(a) q Gr i f;

(b) r c c r Gr if;

(c) g c Gr if;

(d) c Gr i f;

(e) g Gr i f;

(f) r r c mr fc mr cr cr r rc r Gr i f.

Gop Ivestmet Fd ot a pateship, et.

32. a Gr i f rgr

(a) rr r r Gr i f; r

(b) c g r g d v pr iv C ac 965.

Division 4

Fees

Fees haged y the copoatio

33. () tr crg rc Crr c , r rcg r r, Crr r mr rcr.


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() a x c g r r

r rr r r r ,

r r r

c x.

() t cc x r c

c c r

Crr.

Part v

GeneRal

Exemptio fom givig seity

34. wr r cr rqr r r

r gr r r r

c cc, Crr, gr

r r r c c cc,

rqr g c r cr

jc g c r cr.

Exemptio fom givig otie of distitio of popety

35. wr rr ( c

r , cg rr c

c r r

c) r Crr, r r r r r r r gr r

r Crr r r r

crr Crr ac, xc

x r rgg, cr r

Crr g c r

r rqr r r rcr

c g , Crr rc

r c r r r r r

r g r r, g rgr c, r r r , c Crr


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c, Crr , rc rr c r r, r c Crr c cc r

r; g c (a) rjc rg r rr

rrg , r,r rcr, rc ; r

(b) r Crr r g rcr c g rcr r .

registatio of the copoatio ot otie of tst

36. nr c Crr r rgr r r rr c r r Crr c c c r, c jc r Crr r Crr r r, , g rr, c r

r r Crr c c r.

Aal aots, etc.

37. () t Crr r mr cc c c r c c r mr rcr.

() t Crr r mr crr, rr, cc r rc rr, c mr r rqr.

Appliatio to cot

38. () t Crr Cr r rc r rg rrc cr r xrc r Crr rc 5 .


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() t rrc c r r xrc r Crr r c 5 jc r.

Legal poeedigs

39. ng r r , rcg g Crr, cr Crrr mr c Gazette , Crr, , r ccc rcg rc, c c rc c rcg.

Powe to make les

40. () t mr r rc

(a) r r c r r xr r r ac;

(b) rrc c r xrc

r Crr r c 5 ;

(c) rcr rcg rc r rc 5 ;

(d) r rg Gr i f rc rc g r c ;

(e) r r gr g c jc

ac.

() br g r, mr

(a) rgr pr iii;

(b) c Crr r r.

() t mr c r cr cr

r x r r rg c cc cg rc ac, c r c r cc ac.


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Powe to give dietios

41. sjc r ac, mr ,

r , g rc gr crcr c r ac rrc c r xrc r Crr.

copoatio to ivestigate po dietio

42. w rjc mr r g rcr c 4, mr r

rc Crr g c r c g Crr r cr.

repeal ad savigs

43. () t pc tr ac 950 r rrr r.

() t pc tr, g crr r pc tr ac 950 oc arr g r c r pr arac 959 c x .

() sjc r ac, r cg pc tr oc arr rc r , , r r, c rc r cr ac :

pr rrc r pc tr oc arr , cx r rqr, cr rrc Crr, xrrg c rrc cr ccrg.

(4) a rr, c r pc tr ac 950 rc r , r r c ac, r ac c rc r r r r acr c xr.


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(5) i r cr r pc trac 950 r r r pr ar ac 959 c c

r g r r r rr , r c c r g, r g r rc r r c r r ac, c c r r crrgr ac r rc c r g .

(6) sjc r ac, r r pc tr ac 950 r g c

ac c r rg c r C f c rg r r rac r .


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LAWS OF MALAYSIA

At 532


list of amendments

ag sr i rc r

nil


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33/33


LAWS OF MALAYSIA

At 532


list of seCtions amended

sc ag r i rc r

nil

diCetak oleh

peRCetakan nasional malaysia beRhad,


Documents

Act 532 Public Trust Corporation Act 1995