Section 16
Power to delegate
of Small and Medium Enterprises Corporation Malaysia Act 1995
The Corporation may, subject to such terms and conditions, limitations or restrictions as it deems fit to impose, delegate to the Chairman or the Chief Executive Officer or any member of the Corporation, the power and authority to exercise or perform on its behalf such of its powers or functions under this Act as it may determine, except the power to make regulations under section 32; and any power or functions so exercised or performed by the Chairman or the Chief Executive Officer or the other member of the Corporation as the case may be, shall be deemed to have been exercised by and on behalf of the Corporation.
(2)
Without prejudice to the generality of subsection (1) and to the other provisions of this Act, the Corporation may delegate to either the Chairman or to the Chief Executive Officer authority to sanction expenditure from the Fund or any other moneys vested in or under the control of the Corporation up to such limit as the Corporation shall specify.