s 77 Investment of surplus funds
(1) Whenever the cash balance standing to the credit of a Bankruptcy Estates Account is in excess of the amount which, in the opinion of the Director General of Insolvency, is required for the time being to answer demands in respect of insolvent estates the Director * NOTE—All references to “West Malaysia” shall be construed as reference to “Peninsular Malaysia”–see the Interpretation (Amendment) Act 1997 [Act A996]. General of Insolvency shall pay over such excess to the Minister who shall invest the same in trustee securities to be placed to the credit of the said account. (2) When any part of the money so invested is in the opinion of the Director General of Insolvency required to answer any demands in respect of insolvent estates, the Director General of Insolvency shall notify to the Minister the amount so required and the Minister shall thereupon pay to the Director General of Insolvency such sum as may be required to the credit of the Bankruptcy Estates Account and for that purpose the Minister may direct the sale of such part of the said securities as may be necessary. (3) Any profits on the sale of any of the securities placed to the credit of a Bankruptcy Estates Account shall be credited to the Insolvency Assistance Fund and the Insolvency Assistance Fund shall be liable to make good any loss arising out of the sale of such securities. (4) The dividends on investments made under this section shall be credited to the Insolvency Assistance Fund and regard shall be had to the amount thus derived in fixing the fees payable in respect of proceedings in bankruptcy.