Section 1
This Act may be cited as the Statutory Bodies (Power to
Borrow) Act 1999.
ActIn force
Statutory Bodies (Power to Borrow) Act 1999
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- Enacted
- 1999
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- 5
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Statutory Bodies (Power to Borrow) Act 1999 is Malaysia Act, cited as Act 598 1999, currently marked in force and first recorded in 1999.
Front matterCover and publication detailsOpenClose
BORROW) ACT 1999
Incorporating all amendments up to I January 2006
2006
Date of Royal Assent ... ... .. 4... 27 August 1999
Date of publication in the Gazette... ... 9 September 1999
ARS
©
Act 598
Opening note
Preamble
- An Act to regulate the exercise of the power to borrow by all statutory bodies established by federal law and by all companies and corporations established by the statutory bodies, and for matters connected therewith. [10 September 1999] ENACTED by the Parliament of Malaysia as follows: Short title
Section 2
Interpretation
In this Act, unless the context otherwise requires—
“company” means a company incorporated under subsection 4(1) of the Companies Act 1965 [Act 125] by a statutory body pursuant to the powers conferred upon the statutory body under the federal law by which it was established;
“corporation” means a corporation established by a statutory body pursuant to the powers conferred upon the statutory body under the federal law by which it was established;
“Minister”, in relation to a statutory body, means the Minister for the time being responsible for the statutory body;
“statutory body” means any body that is established by federal law.
6 Laws of Malaysia Acr 598
Section 3
Application
(2)
The provisions of this Act shall be read together and construed as one with the provisions of the federal law by which the statutory body or its corporation is established.
Section 4
Conflict or inconsistency
(2)
The provisions of any federal law which are consistent or not in conflict with the provisions of this Act shall continue to apply.
Section 5
Approval of Minister and Minister of Finance
A statutory body, or a company or corporation established by a statutory body, shall not borrow money without the prior approval of the Minister and the Minister of Finance.
Act 598
LIST OF AMENDMENTS
Amending law Short title : In force from
Common questions
- What is Akta Badan Berkanun (Kuasa Meminjam) 1999?
- Statutory Bodies (Power to Borrow) Act 1999 is Malaysia Act, cited as Act 598 1999, currently marked in force and first recorded in 1999.
- Is Akta Badan Berkanun (Kuasa Meminjam) 1999 still in force?
- Yes — Akta Badan Berkanun (Kuasa Meminjam) 1999 is currently in force.
- When did Akta Badan Berkanun (Kuasa Meminjam) 1999 take effect?
- Akta Badan Berkanun (Kuasa Meminjam) 1999 was first recorded in 1999.
- How many sections does Akta Badan Berkanun (Kuasa Meminjam) 1999 have?
- Akta Badan Berkanun (Kuasa Meminjam) 1999 contains 5 sections.
- Where can I read the official version of Akta Badan Berkanun (Kuasa Meminjam) 1999?
- The official text of Akta Badan Berkanun (Kuasa Meminjam) 1999 is published at lom.agc.gov.my.
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