Malaysia legislation
Section 5
Section 5
(i)
The income of the Chamber shall be applied solely towards the promotion of the objects of the Chamber as set forth in this Act and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit to any member of the Chamber; provided that nothing herein contained shall prevent the payment or repayment in good faith of remuneration or expenses to any officer or servant of the Chamber or to any member thereof in return for services actually rendered to the
Chamber nor shall anything herein contained be deemed to prevent the Chamber from giving financial support to such charitable and other institutions and causes as may be thought proper.
(ii)
The funds of the Chamber may be placed on fixed deposit with any licensed commercial bank or finance company in Malaysia or invested from time to time in any manner in which at the time when the investment shall be made trustees shall be by law authorized to invest trust money except that none of the funds of the
Chamber shall be applied in the acquisition of or investment upon the security of titles to or other interest in immovable property except as provided in Section 3 hereof.
Membership