(1) For the purposes of this Act, there shall be a Director of the Institute who shall be appointed by the Council with the approval of the Minister.
(2) The Director shall be appointed on such terms and conditions as may be prescribed by the Council with the approval of the Minister.
(3) The Director shall be the chief executive officer of the Institute and shall perform such duties and exercise such powers as may be prescribed or delegated by the Council.
(4) If, during any period, owing to absence or inability to act from illness or any othor cause the Director is unable to exercise the powers and perform the duties of his office, or if the office of the Director is for the time being vacant, the Chairman shall, with the approval of the Minister, appoint a senior officer of the Instilute to act as Director and such officer shall exercise the powers and perform the duties of the Director until such time as an appointment of a Director is made in accordance with subsection (2) of this section: Provided that the senior officer so appointed to act shall not take part in any deliberation or decision of the Council with respect to the appointment of a Director and shall be discharged for the purpose of constituting a quorum of the Council for any such deliberation or decision.
The Council may from time to time appoint and employ on such terms and conditions of service as may be prescribed by the Council such offiders and employees as mav be hecessary in the opinion of the Council for the propel implementation of the provisions of this Act.
[Pt. IV-V, S. 10-12] NATIONAL INSIOTL FOR SCTENTIFIC AND INDUSTRIAL RESEARCI (INCORPORATION) n. The provisions O! paragraph 4 of the Schedule to this Schedul Act shall have effect in respect of the terms and conditiono toapply of service of officers and employees of the Institute. PART THE FUND AND ACCOUNT
For the purpose of this Act, there is hereby established The Fund. a fund to be administered and controlled by the Council-
(a) into which shall be paid-
(i) any money appropriated from time to time by Parliament for the purpose of the Institute; (i1) all monies received by the Institute from the collection of fees and the sales of any publications;
(iii) all monies received by the Institute in pursuance of section 16 (2) (a) of this Act;
(iv) any grant or fund received by way of contribution, endowment, gift, or bequest trom any source as may be made to or in favour of the Institute; and
(v) all other monies which may in any manner become payable or vested in the Institute in respect of any matter incidental to its functions or to the exercise of the powers and duties of the Council; and
(b) out of which shall be defrayed-
(i) such expenditure relating to the administration and functions of the Institute and the Council as approved by the Minister for any one year; and
(ii) such other expenditure as may be paid in accordance with the provisions of this Act.
(1) Before the beginning of September, of each year the Estimute. Council shall submit to the Minister an estimate of the expenses (including those for development projects) for the following year in such form and with such particulars as the Minister may require, and the Minister shall before the beginning of November of that year notify the Council of the amount authorised for expenses generally or of the amounts authorised for each description of expenditure.
Accounts and Audit. Annual Report. Fees. Discoveries, inventions tc. shall be propertie: ofth Institute. IPt. V-VI, S. 12-16]
(2) The Council may at any time submit to the Minister a supplementary estimate for any one year and the Minister may allow the whole or any part of the additional expendi-
(1) The Council shall keep proper accounts and other records in respect of its operations, and shall prepare statements of accounts in respect of each linancial year.
(2) The accounts of the Council shall be audited annually by the Auditor General or other auditor appointed by the Council with the approval of the Minister.
(3) Atter the end of each financial year, and as soon as the accounts of the Council have been audited 1, the Council shall cause a copy of the statement of accounts to be transmitted to the Minister, together with a copy of any observations . made by the Auditor General or other auditor appointed under subsection (2) on any statement or on the accounts of the Council.
(4) The Minister shall as soon as practicable cause a copy of every such statement and observations to be laid on the table of each House of Parliament.
(1) The Council shall not later than 31st of March of each year, cause to be made and transmitted to the Minister a report dealing with the activities of the Council during the preceding year and containing such information relatin to the proceeding and policy of the Council as the Minister may trom time to time require.
(2) The Minister shall as soon as practicable cause a copy of Parriasuch report to be laid on the table of each House
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).
