Malaysia legislation
Section 54
Section 54
(2)
Without prejudice to the generality of subsection (1), regulations may be made for—
(a)
monitoring the development of land in the Iskandar
Development Region and generally providing for the orderly development of land in the Iskandar Development
Region;
(b)
prescribing the manner in which documents, cheques and instruments of any description shall be signed or executed on behalf of the Authority;
(c)
prescribing the responsibilities and control of officers and servants of the Authority;
(d)
imposing fees, costs, levies, contributions or any other charges in such cases as may be determined by the
Authority;
(e)
providing for such matters in connection with shares, stock, bonds or debentures issued under this Act as may appear necessary or expedient to the Authority, and, in particular, for regulating the method of issue, transfer, redemption or other dealing with such shares, stock, bonds or debentures;
(f)
prescribing the description or type of prescribed strategic development or prescribed strategic development area for the purposes of section 27;
(g)
prescribing the manner in which and the terms and conditions on which financial assistance may be provided by the Authority under section 20;
Act 664
(h)
prescribing the details of the forms and contents of the
Comprehensive Development Plan, the procedure to be followed in the preparation, submission and approval thereof;
(i)
prescribing the procedures to be followed in entering into agreements or arrangements with Government Entities pursuant to section 31;
(j)
prescribing all matters relating to the administration of the Social Projects Fund; and
(k)
providing for such other matters as are contemplated by, or necessary for giving full effect to the provisions of this Act.
(3)
Regulations made under this section may prescribe any act or omission in contravention of the regulations to be an offence and may prescribe penalties of a fine not exceeding fifty thousand ringgit or imprisonment for a term not exceeding two years or to both, and in the case of a continuing offence, may prescribe a further fine of five thousand ringgit for every day or part of a day during which the offence continues after conviction.
Things done in anticipation of the enactment of this Act