Section 1
This Act may be cited as the Treasury Deposit Receipts Act 1952.
Interpretation
ActIn force
Treasury Deposit Receipts Act 1952
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- Enacted
- 1952
- Sections
- 12
- Languages
- EN · MS
Treasury Deposit Receipts Act 1952 is Malaysia Act, cited as Act 236 1952, currently marked in force and first recorded in 1952.
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RECEIPTS ACT 1952
As at 1 January 2013
2
First enacted
… … … … … … 1952 ( Ordinance
No. 66 of 1952)
Revised
… … … … … … 1980 (Act 236 w.e.f.
17 July 1980)
… … … … …
2001
… … … … …
2006
3
Act 236
Opening note
Preamble
- An Act to confer on the Minister of Finance power to receive money on deposit for fixed periods and to pay interest thereon and for purposes connected therewith. [24 November 1952] Short title
Section 2
In this Act, unless the context otherwise requires —
“treasury deposit” means any money deposited in accordance with section 3;
“treasury deposit receipt” means a receipt given in accordance with section 5.
Section 3
Treasury deposits
(1)
The Minister of Finance is hereby authorized to accept on behalf of the Federal Treasury at such times and up to such maximum amounts as he may from time to time specify deposits by any person of any sum of fifty thousand ringgit or a multiple of fifty thousand ringgit:
Provided that the total amount of money so accepted and not repaid on deposit at any one time shall not exceed* two hundred million ringgit, or such further sum as may be authorized by resolution of the Dewan Rakyat.
________________________________________________________
*NOTE—As authorized by the Legislative Council by resolution on 12 September 1956−see 1956
Hansard page 1529.
6 Laws of Malaysia ACT 236
(2)
The sums received under this section shall be applied, and are hereby appropriated, to the following purposes:
(a)
repayment of the moneys received under this Act, to such extent as the Minister of Finance may determine;
(b)
payment, with the prior approval of the Dewan Rakyat signified by resolution, into the Development Fund specified in the Second Schedule to the Financial Procedure
Act 1957 [Act 61], for the purposes of such Fund.
Section 4
Term of treasury deposits
Any person making a deposit under section 3 shall thereupon declare the period in respect of which such deposit is made, and the period shall be either two, three, four or five years from the date of making such deposit; and at the end of that period the money so deposited shall be repaid in the manner hereinafter provided.
Section 5
Treasury deposit receipts
The Minister of Finance shall give a receipt in the form in the
Schedule for every treasury deposit.
Section 6
Transfer of treasury deposit receipts
Treasury deposit receipts shall be transferable by endorsement and delivery.
Section 7
Interest
(1)
Interest shall be paid on all treasury deposits in accordance with this section.
(2)
The Minister of Finance shall from time to time by order notified in the Gazette prescribe the rates of interest to be paid per annum on treasury deposits of different durations.
Treasury Deposit Receipts 7
(3)
The rate of interest to be paid on any treasury deposit shall be that in force at the date of making the deposit.
(4)
Interest on all treasury deposits shall become due annually on the anniversary of the date of making the same and shall be paid at the Federal Treasury to the holder of the treasury deposit receipt relating to such deposit on presentation of the said treasury deposit receipt to the Minister of Finance, who shall endorse the particulars of the date and of the amount of interest so paid on the back of the said treasury deposit receipt; and such endorsement shall be conclusive evidence that the interest specified in the endorsement has been paid.
(5)
No interest shall be due or payable on any treasury deposit after the expiration of the period for which the deposit was made.
Section 8
Repayment of treasury deposits
(1)
A treasury deposit shall be repaid on maturity to the holder of the treasury deposit receipt relating to such deposit on his tendering to the Minister of Finance the said treasury deposit receipt.
(2)
No treasury deposit shall be repaid except upon the surrender of the treasury deposit receipt in respect thereof to the Minister of
Finance for cancellation by him.
Treasury deposits and interest to be a charge on Consolidated
Section 9
Fund
The moneys represented by treasury deposit receipts and interest thereon are hereby charged upon and shall be payable out of the
Consolidated Fund.
Section 10
Treasury deposit receipts to be free of stamp duty
No stamp duty shall be leviable or payable on any treasury deposit receipt or on the transfer thereof.
8 Laws of Malaysia ACT 236
Section 11
Delegation by Minister of Finance of his powers and duties
The Minister of Finance may delegate to the Accountant General by notification in the Gazette any or all of the powers or duties conferred upon him by this Act.
Section 12
Offences
Any person who forges or alters any treasury deposit receipt or any word, figure or mark, sign, signature or facsimile upon or attached to any treasury deposit receipt, or who offers or utters or disposes of any treasury deposit receipt knowing the same to be forged or altered shall, on conviction, be liable to imprisonment for a term not exceeding fifteen years.
__________________________
Treasury Deposit Receipts 9
Schedule
[Section 5]
TREASURY DEPOSIT RECEIPT
The Minister of Finance hereby acknowledges the deposit in the Federal
Treasury of the sum of RM ……………… (say …………………………………)
by ………………………………….. of …………………………… for a term of
……………………… years at …………………… per cent interest per annum.
Dated this …….….… day of …..………20 ………
…………………………
(Signature)
Minister of Finance
_____________________
10
Act 236
LIST OF AMENDMENTS
Amending law
Short Title
In force from
L.N. 46/1955
Ord. 66/1957
Act 3/1959
Act 23/1961
Act 160
Treasury Deposit Receipts Ordinance 1952
Minister of Finance Order 1956
Treasury Deposit Receipts
(Amendment) Ordinance 1957
Federal Constitution (Modification of
Laws) (Ordinances and
Proclamations) Ordinance 1958
Treasury Deposit Receipts
(Amendment) Act 1959
Treasury Bills and Deposit
Receipts (Amendment) Act 1961
Malaysian Currency (Ringgit)
Act 1975
15-01-1955
02-04-1956
19-12-1957
13-11-1958
31-12-1959
01-01-1958
29-08-1975
_____________
11
Act 236
LIST OF SECTIONS AMENDED
Section
Amending authority
In force from
3
L.N. 46/1955
Ord. 66/1957
Act 23/1961
Act 3/1959
Act 160
15-01-1955 02-04-1956 19-12-1957 01-01-1958 13-11-1958 31-12-1959 29-08-1975 4
7
8
11
Act 3/1959
31-12-1959 02-04-1956
13-11-1958 02-04-1956
02-04-1956
02-04-1956
_____________
Common questions
- What is Treasury Deposit Receipts Act 1952?
- Treasury Deposit Receipts Act 1952 is Malaysia Act, cited as Act 236 1952, currently marked in force and first recorded in 1952.
- Is Treasury Deposit Receipts Act 1952 still in force?
- Yes — Treasury Deposit Receipts Act 1952 is currently in force.
- When did Treasury Deposit Receipts Act 1952 take effect?
- Treasury Deposit Receipts Act 1952 was first recorded in 1952.
- How many sections does Treasury Deposit Receipts Act 1952 have?
- Treasury Deposit Receipts Act 1952 contains 12 sections.
- Where can I read the official version of Treasury Deposit Receipts Act 1952?
- The official text of Treasury Deposit Receipts Act 1952 is published at lom.agc.gov.my.
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