Malaysia legislation

Section 42

of *MALAYSIA CO-OPERATIVE SOCIETIES COMMISSION ACT 2007

Section 42

(2)

Any co-operative society required by the Commission to contribute to the Central Liquidity Fund under subsection (1) shall pay to the Commission or to its agent as specified in the order such amount of contribution or such rate of contribution as a percentage of its share capital, subscription capital, assets or liabilities or a

Malaysia Co-operative Societies Commission 39

combination thereof as may be determined by the Commission from time to time not later than such date as may be specified in the order.

(3)

The Commission may, with prior written approval of the

Minister, make regulations on the scope, operation and management of the Central Liquidity Fund.

Co-operative Deposit Account