Malaysia legislation
Section 19
Section 19
⎯(1) Subject to this section, a Port Authority shall⎯
(a)
cause to be kept proper accounts and other records in relation thereto; and
(b)
prepare an annual statement of accounts in such form, and containing such particulars and compiled in such manner, as the Minister may, having regard to subsection (2), direct.
(2)
The annual statement of accounts of a Port Authority shall present a true and fair view of the financial position of the Port
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Authority and of the results, for the year to which it relates, of its operations.
(3)
The accounts of a Port Authority shall be audited by an auditor or auditors whom the Port Authority shall appoint annually with the approval of the Minister; and the auditor or auditors so appointed shall make a report on the accounts so audited.
[Am. Ord. No. 1/68.]
(4)
The
Statutory
Bodies
(Financial and
Accounting
Procedure) Ordinance, 1995 [Cap. 15], shall apply to a Port Authority.
[Sub. Cap. A70.]
The Majlis Mesyuarat Kerajaan Negeri to approve estimates