Malaysia Co-Operative Societies Commission Act 2007 · Updated to 1 Oct 2023 · Chapter 2
12. By-laws of Board
Official textFrom Laws of Malaysia Online, unchanged
The Board may make such by-laws as are necessary or expedient in relation to the administration, management, control, business, assets and affairs of the Commission including—
the functions, powers, duties, remuneration, allowance, honorarium, benefits and terms and conditions of service, code of conduct of or surcharge on officers, employees, agents and consultants of the Commission;
the conflicts of interest in respect of directors, officers and employees of the Commission;
the appointment, terms of reference and activities of agents, consultants or committees established by the Commission;
the rules and procedure to be observed by the directors at
Board meetings; or
such other matters as may be required to be provided for under by-laws in this Act.
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By-laws made under this section shall be binding on all persons to whom the by-laws apply and no person shall be convicted of an offence under this Act, unless the by-laws were given on him or he knew, or avoided getting to know, of the giving thereof.
Terms defined in s 2
Commission
Defined · s 2“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
honorarium
Defined · s 2“honorarium” means a portion of the audited net profit of the Commission distributed among some or all of the members of the Board in consideration of their services which would not otherwise be remunerated;
Part III
Powers of the Commission
Part IV
Provisions Relating to Officer and Employee
Part V
Finance
Chapter 3
Part VI
Investigation, Search and Seizure
Part VII