Malaysia legislation
Section 41
Section 41
(2)
The Commission may, with the approval of the Minister pursuant to this Act, the Co-operative Societies Act 1993 or any other written law, operate, manage and maintain any fund in furtherance of its objects.
38
(3)
The Commission shall hold and administer the following:
(a)
the Co-operative Central Fund;
(b)
the Co-operative Deposit Account;
(c)
the Co-operative Development Trust Fund;
(d)
the Co-operative Education Trust Fund;
(e)
the Co-operative Societies Liquidation Account;
(f)
the Central Liquidity Fund; and
(g)
such other funds as the Commission may set up with the approval of the Minister.
(4)
The Minister may, on the recommendation of the Commission, by order published in the Gazette, vary, delete, add to, substitute for or otherwise amend subsection (3) and upon publication of such order, subsection (3), as varied, deleted, added to, substituted for or otherwise amended, shall come into full force and effect and shall be deemed to be an integral part of this Act as from the date of such publication or from such later date as may be specified in the order.
(5)
The Commission shall disclose the working of the funds under subsection (3) in its annual report under paragraph 39(1)(b).
Central Liquidity Fund