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mylaw.myby aturio
In forceUpdated to 1 Jan 2013Read it in Bahasa Malaysia
Contents

Part II · The Board

Section 10

(1)

The Board may, with the approval of the Minister after consultation with the Minister of Finance, by order published in the

Gazette, establish a corporation, by such name as the Board deems fit, to carry out and have the charge, conduct and management of any project, scheme or enterprise that has been planned or undertaken by the Board in the performance of its functions, the exercise of its powers or the discharge of its duties.

(2)

Every order made under subsection (1) shall make provisions in respect of—

(a)

the constitution of the corporation;

(b)

the financing of the corporation;

(c)

the repayment of loans made to the corporation; and

(d)

the accounts to be kept by the corporation and the audit of the accounts.

(3)

The provisions of the Second Schedule shall apply to the corporation established by the Board under subsection (1).

(4)

The Minister may make such rules or regulations prescribing any activity or interest or prescribing the terms or conditions of any activity or interest of any member, officer or servant of the Board in relation to the corporation and any omission or neglect to comply with and any act done or attempted to be done contrary to the provisions of such rules or regulations is an offence against this Act and the offender shall be liable on conviction to a fine not exceeding

18 Laws of Malaysia ACT 343

ten thousand ringgit or to imprisonment for a term not exceeding five years or to both.

Report

Read on from s 10A

Part III

Finance

Part IV

Cess

Read on from Part IV

Part V

Read on from Part V

Part VI

Supplementary and Transitional Provisions

Read on from Part VI

Schedules