Intellectual Property Corporation of Malaysia Act 2002 s 34
s 34 Power to borrow
(1) The Corporation may, from time to time, with the prior approval of the Minister and the Minister of Finance, borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister and the Minister of Finance may approve, any sums required by the Corporation for meeting any of its obligations or performing any of its functions under this Act.
(2) The Corporation may, from time to time, with the prior approval of the Minister and the Minister of Finance, borrow money by the issue of bonds, debenture, debenture stocks or such other securities upon such terms as it deems expedient for meeting any of its obligations or performing any of its functions under this Act.
Malay text (authoritative)
Kuasa untuk meminjam
(1) Perbadanan boleh, dari semasa ke semasa, dengan kelulusan terlebih dahulu Menteri dan Menteri Kewangan, meminjam, pada apa-apa kadar bunga dan bagi apa-apa tempoh dan atas apa-apa terma tentang masa dan kaedah pembayaran balik dan selainnya sebagaimana yang diluluskan oleh Menteri dan Menteri Kewangan, apa-apa jumlah wang yang diperlukan oleh Perbadanan bagi memenuhi mana-mana obligasinya atau bagi melaksanakan manamana fungsinya di bawah Akta ini.
(2) Perbadanan boleh, dari semasa ke semasa, dengan kelulusan terlebih dahulu Menteri dan Menteri Kewangan, meminjam wang dengan menerbitkan bon, debentur, saham debentur atau apa-apa sekuriti lain atas apa-apa terma yang didapatinya suai manfaat bagi memenuhi mana-mana obligasinya atau bagi melaksanakan manamana fungsinya di bawah Akta ini.
Read this section in the full act β Β· Open Part V β
Find Act 617 on lom.agc.gov.my β
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).
