Section 16

any member of the Institute;

any committee established by the Institute; or

any officer or employee of the Institute, and any function or power so delegated may be performed or exercised by the member, committee, officer or employee, as the case may be, in the name and on behalf of the Institute.

A member, committee, officer or employee delegated with such functions and powers shall be bound to observe and have regard to all conditions, limitations or restrictions imposed by the Institute.

The Institute may delegate to the Chief Executive Officer the authority to sanction expenditure from the Fund or any other moneys vested in or under the control of the Institute up to such limit as the Institute shall specify.

A delegation under this section shall not preclude the

Institute itself from performing or exercising at any time any of the delegated functions or powers.

18 Laws of Malaysia ACT 729

Institute may establish committees