Malaysia legislation
Section 13
of SMALL AND MEDIUM ENTERPRISES CORPORATION MALAYSIA ACT 1995
Section 13
The Corporation shall have power to do all things reasonably necessary for, or expedient or incidental to, the discharge of its functions under this Act and in particular, but without prejudice to the generality of the foregoing:
(a)
to establish and maintain branch offices with the approval of the Minister;
(b)
to appoint agents or obtain services for the purpose of carrying out its function under this Act;
(c)
to establish, maintain and manage a database and information system on small and medium enterprises across all sectors of the economy which includes the profile, economics and statistical data on the development programmes from any ministry or agency;
(d)
to acquire and hold venture capital in any company with the approval of the Minister;
(da) to give grants or other financial assistance to small and medium enterprises across all sectors of the economy;
Small and Medium Enterprises
Corporation Malaysia 17
(db) to require the furnishing of information by small and medium enterprises across all sectors of the economy on matters relating to their business other than information no other member, officer, employee, agent or person has by any means access to it;
(dc)
to develop small and medium enterprises across all sectors of the economy;
(e)
to organize promotional activities for small and medium enterprises across all sectors of the economy such as participation in trade exhibitions, seminars and conferences in Malaysia and abroad;
(f)
to publish or sponsor the publication of periodicals, booklets and information materials in any media; and
(g)
to charge a fee for the use of any facilities or services provided by the Corporation.
Power to borrow