Malaysia legislation
Section 32
Section 32
(1)
A Board shall before the commencement of each financial year cause to be prepared and shall adopt annual estimates of income and expenditure of the Board for the ensuing year.
(2)
Supplementary estimates may be adopted by the Board at any of its meetings.
(3)
A copy of all annual estimates and supplementary estimates shall, upon their adoption by the Board, be sent forthwith to the Minister for his approval.
(4)
No expenditure shall be incurred by a Board which has not been included in the annual estimates or supplementary estimates adopted by the Board and approved by the Minister.
Accounts.