Malaysia legislation

Section 47

of *SELF-EMPLOYMENT SOCIAL SECURITY ACT 2017

Section 47

(a)

paying for salaries, bonus, leave and transfer expenses, travelling and compensatory allowances, gratuities and compassionate allowances, contribution to officers and servants of the Organization benefit fund, welfare and recreation of the Director General, Deputy Directors

General, Inspector, and officers and servants of the

Organization including the granting of loans and advances, and expenditure in respect of offices and payment of other services provided under this Act or any regulations made under this Act;

(b)

paying for fees and other remuneration to any auditor, actuary, agent, technical adviser, banker, stockbroker, surveyor, consultant or any other persons engaged to carry into effect the purpose of this Act; and

38 Laws of Malaysia ACT 789

(c)

purchasing or hiring equipment, machinery and any other things including renting of any building or premise in the performance of its functions and in the exercise of its powers under this Act or any regulations made under this Act.

(2)

The Board may, subject to such conditions, limitations or restrictions as the Board thinks fit, delegate to the Chairman of the

Board, Director General, Deputy Directors General, any of the members of the Board or committees, Inspector, or officers and servants of the Organization, the authority to sanction expenditure from the Fund or any other moneys vested in and under the control of the Board up to such limit as the Board may determine.

Power to accept grants, donations, etc.