Malaysia legislation
Section 21
Section 21
Power of Commission to enter into contracts for carrying on current business
(2)
Any such contract may be entered into by the General Manager on behalf of the Commission; but if it involves an expenditure by the Commission of a sum exceeding two hundred and fifty thousand ringgit the General Manager shall forthwith report to the Commission in writing, that he has entered into it.
(3)
If any such contract requires for any reason to be reduced into writing it shall, in order to become binding on the Commission—
(a)
if it does not involve an expenditure by the Commission of a sum exceeding two hundred and fifty thousand ringgit, be signed by the General Manager on behalf of the
Commission; and
(b)
if it involves an expenditure by the Commission of a sum exceeding two hundred and fifty thousand ringgit, be sealed with the common seal of the Commission.
Penang Port Commission 25
Power of Commission to enter into contracts involving capital expenditure