Malaysia legislation
Section 7
of MALAYSIAN INDUSTRIAL DEVELOPMENT AUTHORITY (INCORPORATION) ACT 1965
Section 7
(Deleted by Act A1146).
Power to delegate 7a. (1) The Board may, subject to such terms, limitations or restrictions as it deems fit to impose, delegate to the Chairman, the Chief Executive
Officer or to any other member the power and authority to exercise or perform on its behalf such powers or functions of the Board under this
Act as it may determine, except the power to make regulations, and any power or function so exercised or performed by the Chairman or the Chief Executive Officer or the member, as the case may be, shall be deemed to have been exercised by and on behalf of the Board.
(2)
Without prejudice to the generality of subsection (1) and to the other provisions of this Act, the Board may delegate to either the Chairman or to the Chief Executive Officer authority to sanction expenditure from any moneys vested in and under the control of the
Board up to such limit as the Minister shall specify.
Power to appoint committees 7b. (1) The Board may appoint committees to assist it in relation to the selection and recruitment of officers and servants, disciplinary matters, financial and audit matters and such other matters arising out of or connected with the operation of the Authority.
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Act 397
(2)
Committees appointed under subsection (1) shall regulate their own procedure.
(3)
Committees appointed under subsection (1) shall conform to any instructions from time to time given to it by the Board and the
Board may at any time discontinue or alter the constitution of any committee so appointed.
(4)
A committee shall report its recommendations to the Board.
Power to establish companies 7c. The Authority may, with the approval of the Minister, establish companies under the Companies Act 1965 [Act 125] to carry out and have the charge, conduct and management of any project, scheme, or enterprise which has been planned or undertaken by the Authority in the performance of its functions or the exercise of its powers.