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Malayan Railway Provident Fund (Dissolution) Act 1995

Malayan Railway Provident Fund (Dissolution)

LAWS OF MALAYSIA

RepRint

Act 534

MALAYAn RAILWAY

PROvIdent Fund

(dISSOLutIOn) 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

MALAYAn RAILWAY PROvIdent Fund

(dISSOLutIOn) Act 1995

date of Royal assent ... ... ... ... ... 7 february 995 date of publication in the Gazette ... ... 6 february 995 Previous rePrint

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

LAWS OF MALAYSIA

Act 534

MALAYAn RAILWAY PROvIdent Fund

(dISSOLutIOn) Act 1995

aRRanGement of seCtions

section

. short title and commencement

. interpretation

. Repeal and dissolution

4. transfer of property

5. transfer of moneys

6. existing contracts

7. transfer of depositors' funds to the employees provident fund

8. Continuance of civil proceedings

9. Repeal of rules 4 Laws of Malaysia Act 534

5Malayan Railway Provident Fund (Dissolution)

LAWS OF MALAYSIA

Act 534

MALAYAn RAILWAY PROvIdent Fund

(dISSOLutIOn) Act 1995

an act to repeal the malayan Railway provident fund ordinance 95, to dissolve the malayan Railway provident fund established under the ordinance, to transfer all its properties to keretapi tanah melayu berhad and to provide for other matters connected therewith.

[1 August 1995, P.U. (B) 350/1995]

Be It enActed by the seri paduka baginda yang di-pertuan agong with the advice and consent of the dewan negara and dewan Rakyat in parliament assembled, and by authority of the same, as follows:

Short title and commencement

1. () this act may be cited as the malayan Railway provident fund (dissolution) act 995.

() this act shall come into force on such date as the minister may, by notification in the Gazette, appoint.

Interpretation

2. in this act, unless the context otherwise requires-- "board" means the board of managers established under subsection 4() of the malayan Railway provident fund ordinance 95 [Ord. 21 of 1952];

"fund" means the malayan Railway provident fund established under section of the malayan Railway provident fund ordinance 95;

"ktmb" means keretapi tanah melayu berhad;

6 Laws of Malaysia Act 534

"minister" means the minister for the time being charged with the responsibility for transport.

Repeal and dissolution

3. the malayan Railway provident fund ordinance 95 is repealed and the fund established thereunder is dissolved. transfer of property

4. all movable property and assets that immediately before the commencement of this act were vested in the fund or in any person on its behalf shall, on the commencement of this act, be transferred to, and be vested with, ktmb.

transfer of moneys

5. subject to section 7 all moneys in the fund or due to be paid to the fund shall, on the commencement of this act, be transferred to, and be vested with, ktmb.

existing contracts

6. all deeds, bonds, agreements, instruments and working arrangements subsisting immediately before the commencement of this act and affecting any of the property transferred under sections 4 and 5, shall be of full force and effect against or in favour of ktmb and enforceable as fully and effectually as if, instead of the board, the fund, the malayan Railway administration, or any person or body acting on its behalf, ktmb had been named therein or had been a party thereto.

transfer of depositors' funds to the employees Provident Fund

7. all amounts standing to each depositor's credit in the fund that represent contributions to the fund both by the malayan Railway administration as the employer and the depositor since July 95 together with any dividend, bonus and interest thereon shall be transferred to the employees provident fund established under subsection 4() of the employees provident fund act 99 [Act 452], and to be dealt with in accordance with the provisions of that act.

7Malayan Railway Provident Fund (Dissolution)

continuance of civil proceedings

8. () any civil proceedings or cause of action pending or existing immediately before the commencement of this act by or against the board or any person acting on its behalf may be continued or instituted by or against ktmb as it might have been by or against the board or such person as if this act had not been passed.

() any appeal brought or any leave to appeal applied for on or after the commencement of this act against a decision before the commencement of this act in any legal proceedings to which the board or any person acting on its behalf was a party may be brought by or against ktmb.

Repeal of rules

9. all rules made under section of the malayan Railway provident fund ordinance 95 shall be repealed immediately upon the commencement of this act.

8 Laws of Malaysia Act 534

LAWS OF MALAYSIA

Act 534

MALAYAn RAILWAY PROvIdent Fund

(dISSOLutIOn) Act 1995

list of amendments

amending law short title in force from

nil

9Malayan Railway Provident Fund (Dissolution)

LAWS OF MALAYSIA

Act 534

MALAYAn RAILWAY PROvIdent Fund

(dISSOLutIOn) Act 1995

list of seCtions amended

section amending authority in force from

nil

diCetak oleh

peRCetakan nasional malaysia beRhad,

kuala lumpuR

baGi pihak dan denGan peRintah keRaJaan malaysia


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