Inland Revenue Board of Malaysia Act 1995 s 27
s 27 Bank accounts and application of revenue
(1) The Board shall open and maintain an account or accounts with such bank or banks as the Board thinks fit; and every such account shall be operated upon as far as practicable by cheque signed by such person or persons as may, from time to time, be authorized by the Board.
(2) The moneys of the Board shall be applied only in payment of discharge of the expenses, obligations and liabilities of the Board and in making any payment that the Board is authorized or required to make.
Malay text (authoritative)
Akaun bank dan penggunaan hasil
(1) Lembaga hendaklah membuka dan mengendalikan suatu akaun atau akaun-akaun dengan mana-mana bank atau bank-bank sebagaimana yang difikirkan patut oleh Lembaga; dan tiap-tiap akaun itu hendaklah beroperasi, setakat yang boleh dipraktikkan, dengan cek yang ditandatangani oleh mana-mana orang atau orang-orang yang boleh, dari semasa ke semasa, dibenarkan oleh Lembaga.
(2) Wang Lembaga hendaklah digunakan hanya untuk pembayaran pelepasan perbelanjaan, obligasi dan liabiliti Lembaga dan untuk membuat apa-apa pembayaran yang Lembaga diberi kuasa atau dikehendaki membayarnya.
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Find Act 533 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).
