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← Malaysia Co-operative Societies Commission Act 2007

Malaysia Co-operative Societies Commission Act 2007 s 31

Malaysia Co-operative Societies Commission Act 2007 s 31

s 31 Capital

(1) The authorized capital of the Commission shall be three hundred million ringgit. (2) Fifty million ringgit of the authorized capital shall be subscribed and paid up by the Government on the establishment of the Commission. (3) The paid-up portion of the authorized capital may be increased by such amount as the Minister may approve from time to time and the Government shall subscribe and pay the amount of the increase to the Commission: Provided that the payment of the increase in capital may be made by way of transfer from the General Reserve Fund as the Minister may from time to time approve.

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Find Act 665 on lom.agc.gov.my ↗

Text as at 1 November 2012 (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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