Malaysia legislation
Section 20
Section 20
(2)
If on receipt of such report the Minister considers that an appeal for grants donations endowments or gifts should be made he shall forthwith direct the Board to make such appeals and the
Board shall accordingly comply with such direction.
(3)
If after the expiration of six calendar months from the date any appeal is made under subsection (2) no adequate grants donations or endowments are received by the Board the Minister shall direct that the Fund be liquidated; and proceedings for liquidation shall commence according to the rules made under this Act.
12
Transfer into Fund of moneys in the hands of sponsors