Section 22
Income of BERNAMA
ActIn forceProvision 22 of 26
Section 22
(1)
The income of BERNAMA shall consist of subscriptions and contributions, grants, endowments, gifts or bequests as may be made to or in favour of BERNAMA.
(2)
The income of BERNAMA shall be applied solely for the following purposes:
(a)
to promote the objects of BERNAMA;
(b)
to pay remuneration, pension, superannuation, allowances and any provident fund scheme to any officer or servant employed or engaged under this Act; or
(c)
to pay any expenses incurred in pursuance of this Act.
(3)
No portion of the income of BERNAMA shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise by way of profit to any person.