Small and Medium Enterprises Corporation Malaysia Act 1995 s 19
s 19 Expenses to be charged on the Fund
The Fund shall be expended for—
(a) the payment of any expenses lawfully incurred by the Corporation, the remuneration of officers and servants appointed and employed by the Corporation, including superannuation allowances, pensions or gratuities;
(b) the payment of any charges on any amount which may be allocated to the Corporation from loan funds;
(c) paying any other expenses, cost or expenditure properly incurred by the Corporation in the execution of its duties or in the discharge of its functions including fees and costs for professional services rendered to the Corporation;
(d) repaying any moneys borrowed under this Act and the interest due thereon;
(e) the making of loans to officers and servants of the Corporation for purposes approved by the Minister; and
(f) generally, paying any expenses for carrying into effect the provisions of this Act.
Malay text (authoritative)
Perbelanjaan yang hendaklah dipertanggungkan pada Kumpulan Wang
Kumpulan Wang hendaklah dibelanjakan untuk—
(a) pembayaran apa-apa perbelanjaan yang dilakukan dengan sah oleh Perbadanan, saraan bagi pegawai dan pekhidmat yang dilantik dan diguna khidmat oleh Perbadanan, termasuklah elaun persaraan, pencen atau ganjaran;
(b) bayaran apa-apa caj atas apa-apa amaun yang diuntukkan kepada Perbadanan daripada kumpulan wang pinjaman;
(c) membayar apa-apa kos atau perbelanjaan lain yang dilakukan dengan sepatutnya oleh Perbadanan pada menjalankan tugasnya atau melaksanakan fungsinya termasuk fi dan kos bagi perkhidmatan profesional yang diberikan kepada Perbadanan;
(d) membayar balik apa-apa wang yang dipinjam di bawah Akta ini dan bunga yang kena dibayar atasnya;
(da) pembayaran pemberian atau bantuan kewangan lain di bawah Akta ini;
(db) pemberian pinjaman di bawah seksyen 14a;
(e) pemberian pinjaman kepada pegawai dan pekhidmat Perbadanan bagi maksud yang diluluskan oleh Menteri; dan
(f) pada amnya, membayar apa-apa perbelanjaan bagi melaksanakan peruntukan Akta ini.
Read this section in the full act → · Open Part IV →
Find Act 539 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).
