Malaysia legislation
Section 30
Section 30
Power to make regulations
(2)
Without prejudice to the generality of subsection (1)
regulations may be made for—
(a)
regulating the development of land in the Federal
Territory of Labuan and generally providing for the orderly development of land in the Federal Territory of
Labuan;
(b)
prescribing the manner in which documents, cheques and instruments of any description shall be signed or executed on behalf of the Perbadanan;
(c)
prescribing the responsibilities and control of officers and servants of the Perbadanan;
(d)
imposing fees in such cases as may be determined by the
Perbadanan;
(e)
providing for such matters in connection with shares stock, bonds, debentures or debenture stock issue under this Act as may appear necessary or expedient to the
Perbadanan, and, in particular, for regulating the method of issue, transfer, redemption or other dealing with such shares, stock, bond, debentures or debenture stock;
(f)
prescribing the rate for contribution to the Improvement
Service Fund;
(g)
prescribing the manner in which and the terms and conditions on which loans may be granted by the Perbadanan under section 23; and
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(h)
providing generally for the performance of the functions, the exercise of the powers and the discharge of the duties of the Perbadanan under the provisions of this Act.
(3)
Regulations under this section—
(a)
may provide that any act or omission in contravention of any provision of such regulations shall be an offence;
(b)
may provide for the imposition of penalties for such offences which shall not exceed five hundred thousand ringgit;
(c)
may provide for the imposition of an additional penalty up to fifty per cent for a similar recurring offence; and
(d)
may provide for the compounding of offences under this
Act and such regulations.