Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part V · Dealings with Government Funds
Official textFrom Laws of Malaysia Online, unchanged
A prescribed institution shall value the assets and determine the liabilities of a trust fund in such manner as the Bank may specify.
prescribed institution
“prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);
(Deleted by Act A1502).
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Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
liabilities
“liabilities” includes debts, duties and obligations of every kind, whether present or future, or whether vested or contingent;
prescribed institution
“prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);
specify
“specify” means specify in writing by way of standards or any other forms;
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