Establishment and management of the Fund
(1) There shall be established a Fund to be known as the Raja- Raja and the Yang di-Pertua-Yang di-Pertua Negeri Higher Studies Scholarship Fund.
(2) The control and management of the Fund shall, subject to the provisions of this Act, be vested in a Board to be known as the Raja-Raja and the Yang di-Pertua-Yang di-Pertua Negeri Higher Studies Scholarship Fund Board, which in this Act is referred to as “the Board”, which shall be a body corporate with perpetual succession and a common seal with the power to sue and be sued, to hold property movable or immovable, to make contracts and, subject as hereafter provided, to convey, assign, surrender, mortgage, lease or otherwise dispose of movable or immovable property vested in the Board upon such terms as it may think fit.
Powers of Board to accept grants, donations, etc.
The Board shall have power at its discretion to accept any grants, donations, endowments, gifts or bequests made to or in favour of the Fund.
Members of the Board
(1) The Board shall consist of a Chairman and four other members to be appointed by the Majlis from among the Menteri-Menteri Besar and Chief Ministers.
(2) The Chairman and members of the Board shall, subject to sections 6 and 7, be appointed for a period of two years and shall be eligible for re-appointment.
(3) The Chairman shall preside at all meetings of the Board.
(4) The Board shall meet at least three times in a year at such place as the Chairman may appoint and at any meeting of the Board, the Chairman and two members shall form a quorum.
(5) The Chairman shall have a casting vote.
(6) Subject to the provisions of this Act, the Board shall have power to determine its own procedure.
(7) The Keeper of the Rulers’ Seal shall be the Secretary to the Board.
Disqualification of members
A member of the Board shall be disqualified from holding office as such member if he ceases to be a Menteri Besar or Chief Minister.
Removal from office
(1) The Majlis may at any time remove from office any member of the Board and appoint another in his place.
(2) Without prejudice to the power of removal under subsection (1), the Majlis may remove from office any such member of the Board who, by reason of ill-health, is in the opinion of the Majlis rendered incapable of properly performing his duties as a member of the Board.
Power of Majlis to issue directions
The Majlis may from time to time give the Board directions not inconsistent with this Act on the policy to be followed in the exercise of the powers conferred and the duties imposed on the Board by or under this Act and the Board shall give effect to all such directions.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
