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PB TRUSTEE SERVICES BERHAD. We are a bank-backed trust company and a subsidiary of Public Bank Group. We provide a wide range of trustee and custodian services for our customers. Our customers’ needs are always at the forefront in all our endeavours. Explore More.
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PB Trustee Services Berhad, Level 17 Menara Public Bank2 146...
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Each member of ATCM is registered as a trust company under the Trust Companies Act 1949 and are regulated by the Companies Commission of Malaysia (CCM). Every trust company is required to be members of ATCM unless exempted by the CCM.
Sep 28, 2024 · In Malaysia, private trusts are commonly used for estate planning, asset protection, and wealth transfer between generations. Unlike public trusts, which serve the greater good, private trusts focus on preserving and distributing wealth among designated beneficiaries.
Jul 1, 2021 · There isn’t exactly a “centralized” public trust act in Malaysia, however, there are state-specific and religion-specific public trusts that exist. In order for anyone to register for public trust in Malaysia, they will have to have a draft of the trust deed stating the trustees, trust objectives, and intended beneficiaries.
When we discuss about the duties of trustees in Malaysia, an Act legislated for this purpose is the Trustee Act 1949 (hereinafter referred to as “the Act”).
A corporate trustee’s role is to act independently in the interest of the trust. It carries out its duties according to the provisions of the trust instruments and the relevant Acts and Guidelines.
Provisions of the Act. 1. Section 3 of the Trust Companies Act 1949 stipulates that any public company incorporated in Malaysia may apply to the Registrar of Companies to be registered as a trust company subject to the terms and conditions stated in the provisions of section 3 of the said Act.
