Companies Commission of Malaysia Act 2001 · Updated to 1 Mar 2018 · Part V · Finance
30. Preparation of estimates
Feedback & supportThe expenditure of the Commission up to such amount as may be authorized by the Commission for any one year shall be defrayed out of the Fund.
Commission
“Commission” means the Companies Commission of Malaysia established under section 3;
Before the beginning of each financial year, an estimate of the expenditure for the following financial year in such form and containing such particulars as the Minister may direct shall be submitted by the Commission to the Minister for his approval, and the
Minister
“Minister” means the Minister charged with the responsibility for the registration of companies, trust companies, businesses and limited liability partnerships; NOTE— The Companies Act 1965 has been repealed by the Companies Act 2016 w.e.f. 31 January 2017. Companies Commission of Malaysia 9
Minister shall, before the beginning of that following financial year, notify the Commission of the amount authorized for expenditure generally or of the amounts authorized for each description of expenditure.
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The Commission may, at any time, submit to the Minister a supplementary estimate for any one financial year and the Minister may allow the whole or any part of the additional expenditure included in it.
Conservation of the Fund