Malaysia legislation

Section 76

of YOUTH SOCIETIES AND YOUTH DEVELOPMENT ACT 2007

Section 76

Power to invest

(2)

The Institute may keep, either in fixed deposit or current account, any money for the time being not invested in any bank in Malaysia which holds valid license under the provision of the

*Banking and Financial Institution Act 1989 [Act 372] or the

Islamic Banking Act 1983 [Act 276] and be given prior approval in writing for such purpose by the Minister.

Accounts and reports