Companies Commission of Malaysia Act 2001 · Updated to 1 Mar 2018 · Part V · Finance
33. Power to borrow
Feedback & supportThe Commission may, from time to time, with the prior approval of the Minister and the Minister of Finance, borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister and the
Commission
“Commission” means the Companies Commission of Malaysia established under section 3;
Minister of Finance may approve, any sums required by 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of companies, trust companies, businesses and limited liability partnerships; NOTE— The Companies Act 1965 has been repealed by the Companies Act 2016 w.e.f. 31 January 2017.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
Commission for meeting any of its obligations or performing any of its functions under this Act.
The Commission may, from time to time, with the approval of the Minister, borrow money by the issue of bonds, debentures, debenture stocks or such other securities upon such terms as it deems expedient for meeting any of its obligations or performing any of its functions under this Act.