Malaysia legislation

Section 19

of SMALL AND MEDIUM ENTERPRISES CORPORATION MALAYSIA ACT 1995

Section 19

The Fund shall be expended for—

(a)

the payment of any expenses lawfully incurred by the

Corporation, the remuneration of officers and servants appointed and employed by the Corporation, including superannuation allowances, pensions or gratuities;

(b)

the payment of any charges on any amount which may be allocated to the Corporation from loan funds;

(c)

paying any other cost or expenditure properly incurred by the Corporation in the execution of its duties or in the discharge of its functions including fees and costs for professional services rendered to the Corporation;

(d)

repaying any moneys borrowed under this Act and the interest due thereon;

(da) the disbursement of grants or other financial assistance under this Act;

(db) the granting of loans under section 14a;

Small and Medium Enterprises

Corporation Malaysia 21

(e)

the making of loans to officers and servants of the

Corporation for purposes approved by the Minister; and

(f)

generally, paying any expenses for carrying into effect the provisions of this Act.

Balancing of revenue account

Section 19 — SMALL AND MEDIUM ENTERPRISES CORPORATION MALAYSIA ACT 1995