Malaysia legislation
Section 14
Section 14
(1)
The Council shall before the commencement of each financial year cause to be prepared and adopted the estimate of expenditure for the ensuing financial year and it shall be paid from the Fund.
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(2)
All funds of the Council shall be deposited with a bank approved by the
Council.
(3)
All cheques drawn on the account of the Council shall be signed by such member or members of the Council and such other officer or officers as may be approved by the Council.
(4)
The financial year of the Council shall be from the 1st January to the 31st
December.
Account and audit.