Section 87 of the Companies Act, 1965 [No. 79/65] is hereby amended as follows-
(a) insert the following new sub-section (2)-
"(2) Notwithstanding sub-section (1) the Minister on the recommendation of Bank Negara Malaysia may, having regard to the nature of the undertaking, scheme or enterprise, contract or arrangement to which a deed relates, grant his approval subject to such terms and conditions as he thinks fit to such other person or persons acting as trustee or representative for the purpose of the deed.";
(b) renumber the existing sub-section (2) as sub-section (3).
Promulgated at Istana Negara, Kuala Lumpur, on 19th day of March, 1970.
TUANKU ISMAIL NASIRUDDIN SHAH, Yang di-Pertuan Agong