Pengurusan Danaharta Nasional Berhad Act 1998

28 final report 2005 danaharta k.

Pengurusan danaharta nasional berhad act 1998. Danamodal nasional bhd was set up to recapitalise and restructure troubled financial institutions. Critics did not doubt the need for such special legislation as the pengurusan danaharta nasional berhad act 1998 which became law on sept 1 1998. The pengurusan danaharta nasional berhad act 1998 was passed giving the national asset management company powers to take over npls from banks to be restructured and managed. The danaharta act provides the legislative framework for pengurusan danaharta nasional berhad danaharta to undertake its unique mission.

Nasional berhad act 1998. The act ensures that danaharta is able to do its job in an efficient and economic manner. See further annual r eport 1998 pengurusan danaharta nasional berhad k uala lumpur 1998 pp. Act 587 pengurusan danaharta nasional berhad act 1998 an act to provide special laws for the acquisition management financing and disposition of assets and liabilities by the corporation the appointment of special administrators with powers to administer and manage persons whose assets or liabilities have been acquired by.

I sections 29a and 41 of the pengurusan danaharta nasional berhad act 1998 danaharta act which provide that appointment of a special administrator should not give rise to a termination or acceleration right and impose a 12 month moratorium during which set off is restricted except with danaharta s consent. And ii section 346c of the capital markets and services act 2007 cmsa empowering the securities commission to require any person to take measures the commission. The new legislation the pengurusan danaharta nasional berhad act 1998 is required to provide the legislative framework for danaharta to undertake its unique mission. 13 14 and final r eport 2005 danaharta kuala lumpur at 16.

The banking system was further strengthened through mergers and acquisitions. The commissioner of law revision malaysia. It is owned by the minister of finance incorporated. Percetakan nasional malaysia bhd.

Danaharta was established by. As discussed in part 1 the danaharta act 1998 da 1998 afforded danaharta the power to buy non performing loans npls from the financial institutions fis and to prohibit injunctions against danaharta. Under the authority of the revision of laws act 968in collaboration with. The national land code amendment act 1998 the amendment act is intended to facilitate the implementation of the pengurusan danaharta nasional berhad act 1998 the danaharta act.