P.U.(A) 273/1972
TRUST COMPANIES ORDINANCE (EXTENSION) ORDER 1972



SCHEDULE
Schedule
(Article 2)

MODIFICATION TO TRUST COMPANIES ORDINANCE, 1949

Section
Modifications
              Long title
For "the Federation" substitute "Malaysia"
          2. defination of "the Court"
Substitute
" 'Court' means--
    ( a) the High Court or any Judge thereof in all cases where
    proceedings are taken in the High Courts; and

    (b) a Sessions Court, or, in Sabah or Sarawak a Court of a Magistrate of the First Class, in all cases where
    proceedings are taken in such a Court;"
            "the Registrar"
Substitute-
"Registrar"has the meaning assigned thereto in the Companies Act, 1965;"(79/65]
            3,5(1),8(1)(n),10
For "the Federation" substitute "Malaysia".
            5,8(1)(n), 21(1) 11(2)
For "the Colony" substitute "Singapore".
            11(2)
For "advocate and solicitor of the Court " substitute "advocate";:
            38
1. Renumber the existing provision as "38.(1)"
2.Add the following as subsection (2):
"(2) The Trust Companies Ordinance of Sabah is hereby repealed:
    Provided that a company which was registered as a trust company under the Ordinance hereby repealed and which is registered as incorporated in Malaysia in pursuance of the Companies Act, 1965 shall on application made to the Registrar, in that behalf and on the Registrar being satisfied --
      (a) that the securities already being deposited by the company under the provisions of the repealed Ordinance have been transferred to and are duly deposited with the Accountant-General; and

      (b) that the said securities are of the value of at least one hundred thousand dollars,
be entitled, without payment, to be registered as a trust company under section 4 of this Ordinance and to be issued with a certificate of registration in accordance with the provisions of that section. "
Made this 6th day of September, 1972.
[P.N. (SU)68.]

(To be laid before each House of Parliament pursuant to section 74 (9) of Malaysia Act. )

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