587 - *AKTA PENGURUSAN DANAHARTA NASIONAL BERHAD 1998 — Malaysia law | Esheria

587 - *AKTA PENGURUSAN DANAHARTA NASIONAL BERHAD 1998

This Act sets up Danaharta Nasional Berhad to acquire, manage, finance, and dispose of assets and liabilities, with rules for board conduct, accounts, asset vesting, and disposal.

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Jurisdiction
Malaysia
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
View official record ↗
accounting appointment eligibility appointment procedures asset acquisition asset administration asset disposal confidentiality corporate governance financial guarantees information disclosure ministerial powers moratorium

Statute overview

About this statute

This Act sets up Danaharta Nasional Berhad to acquire, manage, finance, and dispose of assets and liabilities, with rules for board conduct, accounts, asset vesting, and disposal. This part sets out how Danaharta, the Special Committee, and a Special Administrator can take control of an affected person’s assets, restrict dealings with those assets, and implement a restructuring proposal. This part sets who may be appointed, what the Special Administrator must report, and several powers over affected-person assets and corporate administration.