Section 29. Expenditure to be charged on the Fund. (COMPANIES COMMISSION OF MALAYSIA ACT 2001

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COMPANIES COMMISSION OF MALAYSIA ACT 2001

PART V - FINANCE

Section 29. Expenditure to be charged on the Fund.

The Fund shall be expended for the purpose of—

(a)

paying any expenditure lawfully incurred by the Commission, including legal fees and costs and other fees and costs, and the remuneration of employees of the Commission, including the granting of loans, superannuation allowances, pensions or gratuities;

(b) paying any other expenses, costs or expenditure properly incurred or accepted by the Commission in the performance of its functions or the exercise of its powers under this Act;

(c) purchasing or hiring equipment, machinery and materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;

(d) repaying any moneys borrowed under this Act and the interest due on it; and

(e) generally, paying any expenses for carrying into effect the provisions of this Act.