Section 58 — YOUTH SOCIETIES AND YOUTH DEVELOPMENT ACT 2007

(2)

Without prejudice to the generality of subsection (1), the powers of the Institute shall include power—

(a)

to enter into contracts;

(b)

to acquire, purchase, take, hold and enjoy movable and immovable property of every description;

(c)

to convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with any movable or immovable property or any interest therein vested in the Institute;

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Act 668

(d)

to conduct or coordinate activities relating to research on youth development and other related services;

(e)

to impose fees or charges for services rendered by the

Institute;

(f)

to collect and receive moneys in relation to any activity or services rendered by the Institute or usage of the facilities of the Institute;

(g)

to enter into any negotiation and agreement or consideration as it deems fit in performing its functions;

(h)

to acquire, hold, dispose of or grant rights relating to any research findings conducted by or on behalf of the

Institute or in relation to any research findings conducted by any person or organisations;

(i)

to assign any person or body to conduct research or development or both;

(j)

to conduct and coordinate any activity as it deems fit for the purpose of protecting and developing the Malaysian youth; and

(k)

to do all things expedient or necessary for or incidental to the performance of its functions under this Act.

(3)

The Institute may, in exercising any of its functions which related to business activities for gaining profit or interest through a company that may be incorporated from time to time under the

Companies Act 1965 [Act 125] and such company may only be incorporated on approval by the Minister with the consent of the

Minister of Finance.

(4)

The Minister may make regulations prescribing any activity or interest or prescribing the terms and conditions of any activity or interest of any member, officer or servant of the Institute in relation to any company established under subsection (2) or to any company, industry or entrepreneurship.

(5)

Any omission or non compliance and any act done or purport to be done contrary to, the provision of such regulations is an offence under this Act and the accused shall, on conviction, be

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Youth Societies and Youth Development liable to a fine not less than two hundred fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.

Board of Directors of Malaysian Institute For Research In

Youth Development

The Board of Directors