Malaysia legislation
Section 6
Section 6
The objects for which the Corporation is incorporated are:
(a)
to promote, support, develop and maintain the rubber industry in general, particularly as regards Malaysian national and individual interests therein, and with those
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objects in view to establish a market in Malaysia for the sale and purchase of rubber and to make such arrangements and rules as may be deemed desirable for the proper conduct of the trade and commerce in and for the marketing and distribution of rubber, and for those purposes to secure that such trade, marketing and distribution shall so far as possible be carried on through the market established by, and under the arrangements and rules from time to time formulated by or with the approval of, the Corporation;
(b)
(Deleted by Act A959);
(c)
to establish and carry on the business of a Clearing House or Settlement House or both for facilitating the conduct of mercantile business and in particular for facilitating the clearing and settlement of contracts for the purchase and sale of rubber, and to make and stipulate such remuneration, terms and conditions in respect of such business as may from time to time be determined;
(d)
to enter into relations and to co-operate to such extent and on such conditions as may be deemed desirable with associations or companies having objects all together or in part similar to those of the Corporation and with
Chambers of Commerce and other trade, mercantile and public bodies throughout the world;
(e)
(Deleted by Act A959);
(f)
(Deleted by Act A959);
(g)
to make and enforce in such manner as may seem expedient by-laws and rules as to the conduct of the rubber trade and the terms and conditions on which it is to be carried on and for the maintenance of proper standards of conduct in the carrying on of such trade, and for the regulation of transactions between Members and between Members and others;
(h)
to inspect, sample and grade rubber in any part of the world in such manner as may be deemed expedient;
(i)
to act as arbitrator and to appoint arbitrators and umpires in any dispute affecting rubber or any dealing therein and otherwise to make arrangements for the settlement of disputes by arbitration;
Malaysian Rubber Exchange (Incorporation)
(j)
to appoint agents in any part of the world for any purpose incidental to any of the objects of the Corporation;
(k)
(Deleted by Act A959);
(l)
(Deleted by Act A959);
(m)
(Deleted by Act A959);
(n)
(Deleted by Act A959);
(o)
(Deleted by Act A959);
(p)
(Deleted by Act A959);
(q)
(Deleted by Act A959);
(r)
(Deleted by Act A959);
(s)
to provide and collect from members or otherwise funds for the purpose of carrying on or furthering the objects of the Corporation or any of them;
(t)
to do all such other lawful things as are incidental or conducive to the attainment of the above objects or any of them.