Malaysia legislation

Section 40

of PUBLIC TRUST CORPORATION ACT 1995

Section 40

Power to make rules

(a)

any matters for which rules are expressly permitted to be made under this Act;

(b)

the performance of the functions and duties or the exercise of the powers of the Corporation under sections 15 to 21;

(c)

procedures and proceedings in respect of any matter under sections 15 to 21;

(d)

any matter relating to the Group Investment Fund for which directions may be given under section 31; and

(e)

any other matter generally to give effect to the objectives of this Act.

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(2)

Before making any rules, the Minister shall—

(a)

have regard to Part III; and

(b)

consult the Corporation as to the matters to be dealt with in the rules.

(3)

The Minister may make such rules as he considers necessary or expedient for the purpose of removing any difficulty occasioned by the coming into force of this Act, and any such rules may be so made as to have effect from the commencement of this Act.

Power to give directions