Malaysia legislation
Section 4
Section 4
(a)
to provide courses of study, to make provision for research, to hold examinations and to take such other steps as may appear necessary or desirable for education and training in the fields of technology, science, commerce, business, industry, management or administration, or in the field of any vocation, in Malaysia or elsewhere;
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Act 173
(b)
to confer degrees, diplomas, certificates and other academic distinctions upon persons who have followed courses of study approved by the Universiti and have satisfied such other requirements as may be determined by the
Board, or as may be prescribed;
(ba) to confer honorary degrees or awards on persons who have contributed to the advancement or dissemination of knowledge or who have rendered distinguished public service as may be recommended by the Board after consultation with the Senate;
(c)
to recognize the degrees, diplomas and certificates of such educational institutions or bodies as may be determined by the Board, or as may be prescribed, for the purpose of admission to the courses of study and examinations of the Universiti;
(ca) to institute chairs, lectureships, and other posts and offices, and to make appointments thereto;
(d)
to erect, equip and maintain libraries, laboratories, lecture halls, hostels and all other buildings required for the purposes of the Universiti in Malaysia or elsewhere;
(e)
to institute and award fellowships, scholarships, bursaries, medals, prizes and other forms of distinctions, awards or assistance in respect of the education and training provided from or by or in the Universiti;
(f)
to enter into contracts and to appoint such staff as may be required for the purposes of the Universiti;
(g)
to appoint and promote staff of the Universiti;
(h)
to determine the conditions of service of the staff of the
Universiti, including schemes of service, salary scales and leave;
(i)
to establish pension, superannuation, provident fund or welfare schemes for the benefit of its staff, and to enter into arrangements with any other organization or person for the establishment of such schemes;
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(j)
to regulate and provide for the residence of staff and students of the Universiti and the welfare of staff and students;
(ja) to grant loans or advances to the staff of the Universiti;
(jb) to grant loans or financial assistance to deserving students on such terms and conditions as may be approved by the Minister;
(jc) to conduct commercial research and production for the effective promotion and utilization of the research findings of the Universiti;
(jd) to market and franchise the services, research findings, and products, of the Universiti;
(k)
to demand and receive such fees as may from time to time be determined by the Board, or as may be prescribed;
(l)
to do all such acts and things, whether or not incidental to the powers aforesaid, as may be requisite in order to further education, training, finance, administration, welfare and discipline in the Universiti.
(2)
The Universiti may, with the approval of the Minister, by order published in the Gazette, set out—
(a)
the Diplomas and Advanced Diplomas conferred by the
Universiti which have been recognized by the Government to be equivalent to degrees at Bachelor level; and
(b)
the dates on which the Diplomas and Advanced Diplomas were given the recognition by the Government as mentioned in paragraph (a), and the Diplomas and Advanced Diplomas shall have the status of degrees conferred at Bachelor level, with or without honours, as the case may be, from the dates of such recognition, notwithstanding that the dates of such recognition are dates before the date of coming into force of this subsection.
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Act 173
Additional powers of the Universiti 4a. (1) The Universiti may, with the approval of the Minister of Finance—
(a)
where it appears to be requisite, advantageous or convenient for or in connection with the exercise of the powers, the performance of the functions and the carrying on of the activities of the Universiti, enter into equity participation, partnership, joint venture, undertaking or any other form of co-operation or arrangement in association, or otherwise, with—
(i)
an enterprise, a company, a private undertaking or a syndicate of persons constituted for the carrying on of business in Malaysia or elsewhere;
(ii)
the Federal Government or any State Government;
(iii)
a public body or authority;
(iv)
a commission; or
(v)
a person;
(b)
establish or promote the establishment of companies under the *Companies Act 2016 [Act 777] to carry on or engage in any activity which has been planned or undertaken by the Universiti;
(c)
establish corporations to carry out and have the charge, conduct and management of any property, project, scheme or enterprise which in the opinion of the Universiti would be beneficial or advantageous to the Universiti;
(d)
borrow, at such rate of interest and for such period and upon such terms as the Minister may approve, any sums required by the Universiti for meeting its obligations or discharging any of its duties;
*NOTE—The Companies Act 2016 [Act 777] has replaced the Companies Act 1965 [Act 125]
which comes into operation on 31 January 2017—see subsection 620(1) of Act 777.
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(e)
secure borrowings under paragraph (d) by the issue of bonds, debentures or debenture stocks of such class and value or to charge, mortgage, pledge or otherwise create liens over its property, movable or immovable, upon such terms as the Universiti may deem expedient;
(f)
for purposes of investment, acquire and hold for investment shares, stocks, debentures, debenture stocks, bonds, obligations and securities issued or guaranteed by—
(i)
any company or private undertaking or any syndicate of persons constituted for the carrying on of business in Malaysia or elsewhere;
(ii)
the Federal Government or any State Government;
(iii)
a public body or authority; or
(iv)
a commission;
(g)
acquire shares, stocks, debentures, debenture stocks, bonds, obligations or securities referred to in paragraph (f)
by original subscription, tender, purchase, transfer, exchange or otherwise;
(h)
exercise and generally enforce all rights and powers conferred by or incidental to the ownership of shares, stocks, debentures, debenture stocks, bonds, obligations or securities referred to in paragraph (f) and in particular to sell, transfer, exchange or otherwise dispose of the same; and
(i)
purchase, take on lease or hire or otherwise acquire and invest in any real and personal estate as may be necessary or convenient for any of the purposes of the Universiti.
(2)
The provisions of the First Schedule shall apply to every corporation established by the Universiti under paragraph (1)(c).
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Act 173
Common seal of the Universiti