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← Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978

Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 s 3

Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 s 3

s 3 Consequences upon commencement of Act

Upon the commencement of this Act— (a) the previous Board shall cease to exercise its powers and discharge its duties and responsibilities in relation to the Bank and shall stand dissolved; (b) the provisions of this Act shall apply in relation to the Bank; (c) notwithstanding anything contained in the *Ordinance, the rules made thereunder, or the by-laws of the Bank, the right of members or shareholders of the Bank to elect or remove directors of the Bank shall cease to be exercisable; (d) the directors of the Bank holding office immediately before that commencement shall cease to hold any office in the Bank or in any of its subsidiaries; (e) the executive committee of the Bank appointed under the by-laws of the Bank shall cease to exercise the powers conferred by the by-laws and shall stand dissolved; (f) in exercising any power in relation to the Bank under any written law, or under the by-laws of the Bank, the Registrar- General shall be subject to the direction and control of the Minister and shall comply with and give effect to any direction given by the Minister; (g) notwithstanding paragraph (f), the Minister may exercise any function or power conferred on the Registrar-General under any written law, or under the by-laws of the Bank, if he deems it necessary or expedient to do so; (h) the Minister may, in his absolute discretion, from time to time direct that any function, power, or duty exercisable by the general meeting of the Bank shall not be exercised by the general meeting, or that it shall be exercised subject to such directions as the Minister may, with the concurrence of the Minister of Finance, give, or that it shall instead be exercised, with the concurrence of the Minister of Finance, by himself or by such other person or authority as he may specify; (i) the Bank, in addition to being subject to this Act, shall continue to be subject to the provisions the *Ordinance, the rules made thereunder, and the by-laws of the Bank, but where there is any conflict or inconsistency between the provisions of this Act and the provisions of the Ordinance, the rules made thereunder, or any other written law, or the by-laws of the Bank, the provisions of this Act shall prevail. *NOTE—The Cooperative Societies Ordinance 1948 has since been revised as the Cooperative Societies Act 1948 [Act 287] and later repealed by the Cooperative Societies Act 1993 [Act 502]– see paragraph 95(1)(a) of Act 502. *NOTE—The Cooperative Societies Ordinance 1948 has since been revised as the Cooperative Societies Act 1948 [Act 287] and later repealed by the Cooperative Societies Act 1993 [Act 502]– see paragraph 95(1)(a) of Act 502.

Malay text (authoritative)

Perkara yang berlaku berikutan dengan permulaan kuat kuasa Akta

Apabila Akta ini mula berkuat kuasa— (a) Lembaga yang dahulu hendaklah terhenti menjalankan kuasanya dan menunaikan kewajipan dan tanggungjawabnya berhubung dengan Bank dan hendaklah terbubar; (b) peruntukan Akta ini hendaklah terpakai berhubung dengan Bank; (c) walau apa pun apa-apa jua yang terkandung dalam *Akta Koperasi 1993, kaedah kaedah yang dibuat di bawahnya, atau undang-undang kecil Bank, hak ahli atau pemegang syer Bank untuk memilih atau memecat pengarah Bank hendaklah terhenti dijalankan; * CATATAN- Akta Koperasi 1993 [Akta 502] telah memansuhkan Akta Koperasi 1948 [Akta 287]- lihat perenggan 95(1)(a) Akta 502. (d) pengarah Bank yang memegang jawatan sebaik sebelum permulaan kuat kuasa Akta ini hendaklah terhenti memegang apa-apa jawatan dalam Bank atau dalam manamana subsidiarinya; (e) jawatankuasa eksekutif Bank yang dilantik di bawah undang-undang kecil Bank hendaklah terhenti menjalankan kuasa yang diberikan oleh undang-undang kecil itu dan hendaklah terbubar; (f) pada menjalankan apa-apa kuasa berhubung dengan Bank di bawah mana-mana undang-undang bertulis, atau di bawah undang-undang kecil Bank, Suruhanjaya hendaklah tertakluk kepada arahan dan kawalan Menteri dan hendaklah mematuhi dan menguatkuasakan apa-apa arahan yang diberikan oleh Menteri; (g) walau apa pun perenggan (f), Menteri boleh menjalankan apa-apa fungsi atau kuasa yang diberikan kepada Suruhanjaya di bawah mana-mana undang-undang bertulis, atau di bawah undang-undang kecil Bank, jika difikirkannya perlu atau suai manfaat untuk berbuat demikian; (h) Menteri boleh, menurut budi bicara mutlaknya, dari semasa ke semasa mengarahkan bahawa apa-apa fungsi, kuasa, atau kewajipan yang boleh dijalankan oleh mesyuarat agung Bank tidak boleh dijalankan oleh mesyuarat agung itu, atau bahawa fungsi, kuasa atau kewajipan itu hendaklah dijalankan tertakluk kepada apa-apa arahan yang diberikan oleh Menteri dengan persetujuan Menteri Kewangan, atau bahawa fungsi, kuasa atau kewajipan itu, sebaliknya, hendaklah dijalankan, dengan persetujuan Menteri Kewangan, olehnya sendiri atau oleh mana-mana orang atau pihak berkuasa lain yang dinyatakannya; (i) Bank, selain daripada tertakluk kepada Akta ini, hendaklah terus tertakluk kepada peruntukan *Akta Koperasi 1993, * CATATAN- Akta Koperasi 1993 [Akta 502] telah memansuhkan Akta Koperasi 1948 [Akta 287] -lihat perenggan 95(1)(a) Akta 502. Bank Kerjasama Rakyat Malaysia Berhad (Peruntukan Khas) 11 kaedah-kaedah yang dibuat di bawahnya, dan undang-undang kecil Bank, tetapi jika terdapat apa-apa percanggahan atau ketidakselarasan antara peruntukan Akta ini dengan peruntukan *Akta Koperasi 1993, kaedah-kaedah yang dibuat di bawahnya, atau mana-mana undang-undang bertulis lain, atau undang-undang kecil Bank, peruntukan Akta ini hendaklah terpakai.

Read this section in the full act → · Open Part I →

Find Act 202 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

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).

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