National Land Code Amendment Act 2016

By a federal government gazette p u.

National land code amendment act 2016. Now therefore pursuant to clause 4 of article 76 of. Under act a1517 by an amendment to section 433b of the national land code nlc non citizens and foreign companies may acquire land subject to the category industrial but only after the prior approval of the state authority has been. By federal government gazette p u b 527 2016 and federal government gazette p u b 531 2016 both dated 21 december 2016 the nlc amendment act came into operation in the peninsular malaysia and the federal territory of labuan on 1 january 2017 with the exception of sections 34 35 45 48 49 56 and 76 thereof. 2 this act comes into operation in each state on a date to be appointed by the minister with the approval of the national land council by notification in the gazette of the federation and the minister may with the approval of the national land.

B 527 dated 28 december 2016 the above act a1516 came into operation in the state of johore on 1 january 2017. Whereas it is expedient for the purpose only of ensuring uniformity of law and policy that the national land code be amended. Pursuant to the national land code amendment act 2016 which came into force on 1 january 2017 section 433b was amended to include the requirement to obtain the approval of the state authority for any acquisition of industrial properties by a non citizen or foreigner. The proposed amendments in the form of amendment bills would be tabled at the coming parliament session it said.