COMPANIES COMMISSION OF MALAYSIA ACT 2001
PART III - FUNCTIONS AND POWERS OF THE COMMISSION
Section 18. Powers of the Commission.
(1) The Commission shall have the power to do all things necessary or expedient for or in connection with the performance of its functions.
(2) Without prejudice to the generality of subsection (1) , the powers of the Commission shall include power—
(a) to utilize all the property of the Commission, movable and immovable, in such manner as the Commission may think expedient including the raising of loans by mortgaging such property;
(b) to impose fees or charges for services rendered by the Commission as may be prescribed by the Minister by regulations made under section 40;
(c) to appoint such agents, experts or consultants as it deems fit to assist the Commission in the exercise of its functions;
(d) to grant loans to employees of the Commission for such purposes as may be approved by the Minister;
(e) to formulate and implement human resource development and funding and co-operation programmes for the proper and effective performance of its functions;
(f) to co-operate with any corporate body or government agency for the purpose of performing the Commission's functions; and
(g) to do anything incidental to any of its functions and powers.
(3) The Commission shall have all such powers as may be necessary for or in connection with, or reasonably incidental to, the performance of its functions under the laws specified in the First Schedule.
(4) For the avoidance of doubt it is declared that the powers of the Commission shall not include the powers of the Chief Executive Officer as provided in the laws specified in the First Schedule.
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