Malaysia legislation
Section 7
Section 7
Common seal of the Corporation
(1)
The common seal of the Corporation shall bear such device as the Corporation may approve and the seal may be broken, changed, altered and made anew by the Corporation from time to time as it may think fit.
(2)
The common seal shall be kept in the custody of the Chief
Executive and shall be authenticated by him or by any officer authorized by the Corporation in writing.
(3)
All deeds, documents, and other instruments purporting to be sealed with the common seal and authenticated in accordance with subsection (2) shall be deemed to have been validly executed, until the contrary is proved.
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(4)
Notwithstanding subsection (3), any document or instrument which if executed by a person not being a body corporate would not be required to be under seal may in like manner be executed by the Corporation, and such document or instrument may be executed on behalf of the Corporation by an officer or servant of the Corporation generally or specially authorized by the Corporation in that behalf.
(5)
The common seal of the Corporation shall be officially and judicially noticed.
Functions of the Corporation 8.
The functions of the Corporation shall be—
(a)
to identify and to approve skills training programmes eligible for skills training loan;
(b)
to provide and grant skills training loans and financial assistance other than skills training loans to trainees, and, to provide services in administering, monitoring and collecting repayments of the loans; and
(c)
to perform such other functions as are conferred on the
Corporation by this Act or any other written law.