Statutory Bodies In Malaysia

Bnm is a statutory body which started operations on 26 january 1959.

Statutory bodies in malaysia. Menara matrade jalan sultan haji ahmad shah 50480 kuala lumpur malaysia tel. Laws of malaysia act 240 statutory bodies accounts and annual reports act 1980 arrangement of sections part i preliminary section 1. Provisions of act to apply to all statutory bodies 4. 10 september 1999 enacted by the parliament of malaysia as follows.

D any government in malaysia department of any such government local authority or statutory body. Department of forestry of peninsular malaysia jpsm department of mineral and geoscience jmg department of the director general of land and mines jkptg malaysian mapping and survey department jupem malaysian nuclear agency nuclear malaysia malaysian sustainable energy development authority seda. Secretary means the secretary appointed under subsection 12 1. Examples of statutory bodies are bank negara malaysia malaysian industrial development authority.

This act may be cited as the statutory bodies power to borrow act 1999. Statutory bodies are established with the objective of implementing certain duties and responsibilities in line with government objectives. According to section 2 she said a statutory body is defined as an organisation appointed or constituted by written law including local authorities. This is because both these autonomous bodies resemble.

The civil service in malaysia is pivotal around article 132 of the constitution of malaysia which stipulates that the public services shall consist of the federal and state general public service the joint public services the education service the judiciary and the legal service and the armed forces. Short title and application 2. 603 6203 7037 email. They act as public regulatory bodies carrying out regulatory and enforcement functions of the government.

Bnm is governed by the central bank of malaysia act 2009. 603 6207 7077 fax. Self employed person means an individual who works for gain or reward otherwise than under a contract of employment whether or not he himself employs others. Statutory bodies established by federal law and by all companies and corporations established by the statutory bodies and for matters connected therewith.

For all intents and purpose statutory bodies and the local authorities are also considered as parts of the public services. The role of bank negara malaysia is to promote monetary and financial stability. In this act unless the context otherwise requires. Interpretation part ii application and construction 3.