Section 1
(1)
This Act may be cited as the International Finance Corporation
Act 1957.
ActIn force
International Finance Corporation Act 1957
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- Enacted
- 1957
- Sections
- 4
- Languages
- EN · MS
International Finance Corporation Act 1957 is Malaysia Act, cited as Act 428 1957, currently marked in force and first recorded in 1957.
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ONLINE VERSION
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Act 428
INTERNATIONAL FINANCE
CORPORATION ACT 1957
As at 1 January 2013
2
First Enacted … … … … 1957 (Ord. No. 77 of 1957)
Revised … … … … 1990 (Act 428 w.e.f 31 March 1990)
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2001
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2006
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Act 428
INTERNATIONAL FINANCE CORPORATION ACT 1957
Opening note
Preamble
- An Act to enable effect to be given to an international agreement for the establishment and operation of an International Finance Corporation, and for purposes connected therewith. [Peninsular Malaysia—30 December 1957; Sabah and Sarawak—3 November 1966, P.U. (A) 404/1966] Short title and application
Section 2
Interpretation
(1)
In this Act “the Agreement” means any agreement which may be signed and accepted on behalf of the Government of Malaysia in pursuance of Articles approved on the eleventh day of April 1955, by the executive directors of the International Bank for Reconstruction and Development and providing for the establishment and operation of an international body to be called “the International Finance
Corporation” (copies of which Articles, and of an explanatory memorandum approved as aforesaid, have been laid before the
Parliament); and “the Corporation” means the International Finance
Corporation established by the Agreement.
6 Laws of Malaysia ACT 439
Section 3
Financial provisions
(1)
There shall be paid out of the Consolidated Fund all sums required for the purpose of making payments on behalf of the
Government of Malaysia under paragraph 3(a) of Article II of the
Agreement (which provides for the subscription of shares of stock of the Corporation by the members thereof).
(2)
All sums received by the Government of Malaysia from the
Corporation in pursuance of the Agreement shall be paid into the
Consolidated Fund.
Section 4
Orders for carrying the Agreement into effect
The Yang di-Pertuan Agong may, by order, make such provisions as he may consider reasonably necessary for carrying into effect any of the provisions of the Agreement relating to the status, immunities and privileges of the Corporation and its governors, directors, alternates, officers and employees.
7
Act 428
LIST OF AMENDMENTS
Amending law
Short Title
In force from
P.U (A) 404/1966
Modification of Laws (International
Finance Corporation) (Extension to
Borneo States) Order 1966
03-11-1966
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8
Act 428
LIST OF SECTIONS AMENDED
Section
Amending authority
In force from
─NIL─
Common questions
- What is International Finance Corporation Act 1957?
- International Finance Corporation Act 1957 is Malaysia Act, cited as Act 428 1957, currently marked in force and first recorded in 1957.
- Is International Finance Corporation Act 1957 still in force?
- Yes — International Finance Corporation Act 1957 is currently in force.
- When did International Finance Corporation Act 1957 take effect?
- International Finance Corporation Act 1957 was first recorded in 1957.
- How many sections does International Finance Corporation Act 1957 have?
- International Finance Corporation Act 1957 contains 4 sections.
- Where can I read the official version of International Finance Corporation Act 1957?
- The official text of International Finance Corporation Act 1957 is published at lom.agc.gov.my.
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