Malaysia Co-Operative Societies Commission Act 2007 · Updated to 1 Oct 2023 · Part V · Finance
Malaysia Co-Operative Societies Commission Act 2007 · Updated to 1 Oct 2023 · Part V · Finance
Official textFrom Laws of Malaysia Online, unchanged
The authorized capital of the Commission shall be three hundred million ringgit.
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
Fifty million ringgit of the authorized capital shall be subscribed and paid up by the Government on the establishment of the Commission.
The paid-up portion of the authorized capital may be increased by such amount as the Minister may approve from time to time and the Government shall subscribe and pay the amount of the increase to the Commission:
Minister
“Minister” means the Minister charged with the responsibility for co-operative development;
Provided that the payment of the increase in capital may be made by way of transfer from the General Reserve Fund as the Minister may from time to time approve.
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
Minister
“Minister” means the Minister charged with the responsibility for co-operative development;
Part VI
Part VII