SERVICES

UNIT TRUST SCHEMES

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. The trustee shall ensure that the unit trust fund has at all times an appointed management company;
  2. The trustee shall exercise all due diligence and vigilance in carrying out its functions and duties and in safeguarding the rights and interests of the unit holders;
  3. The trustee shall take custody and control, of all the securities, property and assets of the unit trust fund and hold it in trust for the unit holder in accordance with the provisions of the Act and applicable Securities Act and Regulations made thereunder;
  4. The trustee shall ensure that the management company does not make improper use of its position in managing the unit trust fund to gain directly or indirectly an advantage for itself or for any other person or to cause detriment to the interests of unit holders of such unit trust fund;
  5. The trustee shall keep or cause to be kept proper books of accounts in relation to the investments and properties of the unit trust fund;
  6. The trustee shall ensure that proper records are kept of all transactions, dividends, interest and income received and distributed in respect of the unit trust fund;
  7. The trustee shall cause the accounts referred to in paragraph (v) to be audited at the end of each financial year by an approved company auditor appointed by the trustee;
  8. The trustee jointly with the management company shall safeguard the interest of the unit holders; and
  9. The trustee jointly with the management company shall ensure that for the duration of the unit trust fund, there is a registered deed in force at all times.

BONDS ISSUES

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. To ensure that the Bonds are convertible in accordance with the terms and conditions set out in the Trust Deed, where applicable;
  2. To exercise all due diligence and vigilance in carrying out its functions and duties and in protecting the rights and interests of the bond holders under the Trust Deed;
  3. To act and discharge duties in accordance with the agreed terms and conditions of the Trust Deed;
  4. To ensure that regulatory requirements are complied with are received; and
  5. To ensure that quarterly returns are submitted to relevant authorities.

REAL ESTATE INVESTMENT TRUST (REIT)

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. The trustee shall ensure that the Trust has and will at all times have an appointed manager;
  2. The Trustee shall act with due care, skill, diligence and vigilance in carrying out its functions and duties and in safeguarding the rights and interests of Holders, and shall act in accordance with the provisions of the Trust Deed and the Relevant Laws;
  3. The Trustee shall act as a custodian of the Trust by taking custody and control of all Investments of the Fund and hold it in trust for the Holders;
  4. The Trustee shall ensure that at all times the Manager does not make improper use of its position in managing the Trust to gain, directly or indirectly, an advantage for itself or for any other person or to cause detriment to the interest of the Holders;
  5. The Trustee shall cause the Accounts to be audited at the end of each Financial Year by the Auditors;
  6. The Trustee shall send or cause to be sent to the Manager all notices, reports, accounts, circulars, quit rents, assessments, premium notices and other documents which are received by it or on its behalf; and
  7. The Trustee shall keep or cause the Manager to keep proper records of all transactions, interests, dividends and income received and distributed in accordance to the Trust Deed.

STAKEHOLDERS

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. To hold the securities in MTrustee Berhad’s name for the benefit of the beneficiaries;
  2. To exercise all due diligence and vigilance in carrying out its functions and duties under the Agreement; and
  3. To act and discharge duties in accordance with the agreed terms and conditions of the Agreement.

CUSTODIAL SERVICES

Our duties will normally cover the following aspects:-

  1. To open nominee accounts to hold the assets;
  2. To carry out settlement and administrative functions relating to the purchases, sales and redemption of securities, subscription to new issues, exercise of options for the conversion or exchange of securities into other securities, registration of the securities, acting on payment transfer instructions;
  3. To track corporate actions which will include dividends, rights bonus issues etc;
  4. To account for all transactions and provide financial statements and other accounting information where appropriate for clients needs;
  5. To provide reports to clients, which will include the following :-
    1. Holdings Report; and
    2. Transaction Report
  6. Safekeeping of unlisted shares; and
  7. To place out surplus cash with Financial Institutions.

RETIREMENT FUNDS (“Funds”)

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. Receiving contributions in respect of the Funds;
  2. Ensuring Funds are properly invested;
  3. Ensuring proper records of investments are kept;
  4. Disbursing monies due to employees/beneficiaries entitled to benefits under the Retirement Benefit Trust Fund
  5. Causing the accounts to be audited at the end of each Accounting Period; and
  6. Handling of tax matters pertaining to the Funds.

TIMESHARE SCHEMES

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. To receive Membership Fees into the Trust Account and release monies to the Management Company upon expiry of 10 days cooling off period;
  2. To ensure 10% of subscriptions are received into the Sinking Fund within 30 days of receipt of the same by Management Company;
  3. To ensure a Liaison Committee is elected;
  4. To ensure adequate coverage of insurance;
  5. To ensure prompt payment of Quit Rent/Assessment;
  6. To approve affiliations or reciprocal arrangements;
  7. To ensure that the number of timeshare intervals available for sale are in proportion to the accommodation available; and
  8. To prepare yearly financial statements for auditing purposes.

INTEREST SCHEMES

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. To open trust account and to hold monies from investor under trust;
  2. To receive and deposit investor moneys into the trust account and release monies to the investment manager upon fulfilments of certain terms and conditions;
  3. To ensure some portion of the moneys received from the trust account is paid into a reserve account for certain obligation of the investment manager;
  4. To exercise all due diligence and vigilance in carrying out functions and duties under the terms and conditions of the Trust Deed Trust Deed;
  5. To investigate any reasonable complaints made by any investor; and
  6. To keep proper books of account in relation to the funds in the trust account and reserve account and/or of all disbursement thereof.

GOLF CLUBS

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. To prepare resolutions to:
    1. execute Trust Deeds; and
    2. open the Trust Account and Sinking Fund Account with Financial Institutions.
  2. To receive membership fees into the Trust Account and release funds as follows:
    1. incomplete club – against progressive completion of the club.
    2. completed club – upon expiry of 10 days cooling off period.
  3. To ensure 10% of subscriptions received is paid into the Sinking Fund Account;
  4. To approve withdrawal from the Sinking Fund as permitted;
  5. To ensure a Liaison Committee is elected;
  6. To ensure adequate coverage of insurance;
  7. To ensure payment of Quit Rent/Assessment;
  8. To approve affiliations or reciprocal arrangements; and
  9. To prepare yearly financial statements for auditing purposes.

RECREATION CLUBS

Our duties will be detailed by a Trust Deed to be executed but will normally cover the following aspects:-

  1. To prepare resolutions to:
    1. execute Trust Deeds; and
    2. open the Trust Account and Sinking Fund Account with Financial Institutions.
  2. To receive membership fees into the Trust Account and release funds as follows:
    1. incomplete club – against progressive completion of the club.
    2. completed club – upon expiry of 10 days cooling off period.
  3. To ensure 10% of subscriptions received is paid into the Sinking Fund Account;
  4. To approve withdrawal from the Sinking Fund as permitted;
  5. To ensure a Liaison Committee is elected;
  6. To ensure adequate coverage of insurance;
  7. To ensure payment of Quit Rent/Assessment;
  8. To approve affiliations or reciprocal arrangements; and
  9. To prepare yearly financial statements for auditing purposes.

DATA RECOVERY AND BUSINESS CONTINUITY CENTRE (BCC)

We have a data recovery and business continuity centre that allows us to relocate our key personnel to our alternate location during a disaster or disruption to ensure that the business carries on as usual

 

 

Over RM
0
Million
Shareholders' Funds
Over
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Billion
value of assets
Over
0
Years
corporate experience