ENACTMENT NO. 02 OF 2001
ADMINISTRATION OF ISLAMIC RELIGIOUS AFFAIRS (TERENGGANU) ENACTMENT 1422H/2001M
PART II - MAJLIS AGAMA ISLAM DAN ADAT MELAYU AND APPOINTMENT OF OFFICERS
Section 29. Power to establish companies.
(1) The Majlis may, with the approval of the Duli Yang Maha Mulia Sultan establish companies under the Companies Act 1965 [Act 125] to carry on any activity by the Majlis in the execution of its duties and powers under section 27.
(2) Every company established or purported to be established by the Majlis under the Companies Act 1965 before the commencement of this section shall be deemed to have been lawfully established and shall continue to exist as if it had been established by the Majlis under subsection (l).
(3) Any financing or financial assistance given by the Majlis to a company referred to in subsection (2) shall be deemed to have been lawfully given under subsection 27 (2).