Laws
Bank Simpanan Nasional Act 1974
Part VI
s 27

In forceUpdated to 1 Dec 2011Current version · Updated to 1 Dec 2011Read it in Bahasa Malaysia

Contents

Bank Simpanan Nasional Act 1974

Find in this Act

IPreliminary

1Short title
2Interpretation

IIEstablishment, Objects and Powers

3Establishment and incorporation
4Objects of the Bank
5Powers of the Bank

IIIConstitution of the Bank

6Board of Directors
7Alternate director
8Terms of appointment of Chairman and directors
9Appointment and duties of Chief Executive
10Directions by the Minister
11Meetings of the Board
11ACommittees of the Board
12Disclosure of director’s interest in contract, etc.
13Common seal

IVOfficers and Employees of the Bank

14Officers and employees
14ADiscipline
14BDisciplinary committees
14CDisciplinary Appeal Board
14DSurcharge
15Transfer of members of the public service to the Bank
16Facilities for staff
17Public servants

VProvisions Relating to the Carrying on of Business of the Bank

18Transfer of powers, rights and privileges, assets and liabilities
19Receipt and repayment of deposits and interest payable
20Guarantee of the Government
21Interest on loans and advances
22Power to borrow
23Borrowing by staff
24Restriction on loans and advances
25Investment of funds

VIFinancial Provisions

26The financial year of the Bank shall begin on the first day of January and end on the thirty first day of December of each year: Provided t...
27The Board shall in the course of each year prepare and adopt annual estimates of income and expenditure of the Bank for the ensuing financi...
28Accounts and audit
29General Reserve Fund
30Profit and loss account, balance sheet and annual report

VIIGeneral

31Power to make rules and regulations
32Secrecy
33Power to appoint attorney
34The Bank deemed a Malay or native
35Attachment of deposits
36Power to administer oath
37Public Authorities Protection Act
38Things done in anticipation of this Act
39Compulsory acquisition of land

VIIIRepeal and Transitional

40Repeal and saving
41Transfer of land and property
42Transfer of funds
43Existing contract
44Continuance of criminal and civil proceedings

Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part VI · Financial Provisions

Section 27

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Official textFrom Laws of Malaysia Online, unchanged

The Board shall in the course of each year prepare and adopt annual estimates of income and expenditure of the Bank for the ensuing financial year.

Board

Defined · s 2

“Board” means the Board of Directors referred to in section 6;

Open s 2

Bank Simpanan Nasional 25

Bank

Defined · s 2

“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…

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Terms defined in s 2

Bank
Defined · s 2
“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
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Board
Defined · s 2
“Board” means the Board of Directors referred to in section 6;
Open s 2

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Part VII

General

Read on from Part VII

Part VIII

Repeal and Transitional

Read on from Part VIII

Details

Bank Simpanan Nasional Act 1974 · s 27

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Where this comes from

Laws of Malaysia Online · Bank Simpanan Nasional Act 1974, Updated to 1 Dec 2011. Reader record updated on 2 Oct 2026.

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