Malaysia Co-Operative Societies Commission Act 2007 · s 43

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s 43Co-operative Deposit Account

(1)

Within two years of coming into operation of this section or such longer period not more than five years as may be permitted in writing by the Commission, all co-operative societies shall deposit their funds not immediately needed for operations or investments into the Co-operative Deposit Account.

(2)

The Commission may, with prior written approval of the

Minister, make regulations on the scope, operation and management of the Co-operative Deposit Account.