Malaysia Co-Operative Societies Commission Act 2007 · Updated to 1 Oct 2023 · Part V · Finance
35. Power to borrow or raise fund
Official textFrom Laws of Malaysia Online, unchanged
The Commission may, from time to time, with the prior written approval of the Minister and the Minister of Finance, raise funds as follows:
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
borrow money from the Government, agencies of the
Government or any other person; or
issue bonds, debentures, debenture stocks or such other securities, in such manner as the Commission thinks fit or upon such terms and conditions as it deems expedient for meeting any of its obligations or performing any of its functions, powers or duties under this Act.
securities
“securities” has the same meaning as defined under section 2 of the Securities Commission Act 1993; *NOTE─The Central Bank of Malaysia Act 1958 has been repealed by the Central Bank of Malaysia Act 2009 which comes into operation on 25 November 2009–see section 100…
Terms defined in s 2
Commission
Defined · s 2“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
Minister
Defined · s 2“Minister” means the Minister charged with the responsibility for co-operative development;
securities
Defined · s 2“securities” has the same meaning as defined under section 2 of the Securities Commission Act 1993; *NOTE─The Central Bank of Malaysia Act 1958 has been repealed by the Central Bank of Malaysia Act 2009 which comes into operation on 25 November 2009–see section 100…
Chapter 3
Part VI
Investigation, Search and Seizure
Part VII