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Loans (Central Bank of Malaysia) Act 1960

Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459

Incorporating all amendments up to 1 January 2007

First enacted ... ... ... ... ... ...1960 (Ord. No. 16 of 1960)
Revised ... ... ... ... ... ... ...1991 (Act 459 w.e.f. 13 April 1991)
Date of coming into operation ... ...27 June 1960

ACT 459
LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960
(Click here to see Annotated Statutes of this Act)

1.Short title

2.Omitted or Deleted Section

3.Bank to undertake management of loans

4.Power of Minister to fix fee

5.Saving

Schedule

An Act to provide for the issue and management by the Central Bank of Malaysia of loans raised under certain laws.

[27 June 1960, L.N. 128[#8260]1960

BE IT ENACTED by the Seri Paduka Baginda Yang di-Pertuan Agong with the advice and consent of the Dewan Negara and Dewan Rakyat in Parliament assembled, and by the authority of the same, as follows:
 
Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459,,/1.Short title
 
1. Short title

This Act may be cited as the Loans (Central Bank of Malaysia) Act 1960.

Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459,,/2.Omitted or Deleted Section

2. Omitted or Deleted Section

(Omitted).

Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459,,/3.Bank to undertake management of loans

3. Bank to undertake management of loans

On and after the date of the coming into operation of this Act the Central Bank of Malaysia shall undertake the issue and management of the loans raised under the laws specified in the Schedule; and the Minister of Finance may by order make such modifications and amendments in any such laws as appear to him necessary or expedient for the purpose of giving effect to this section.
 
Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459,,/4.Power of Minister to fix fee

4. Power of Minister to fix fee

The Minister of Finance may fix such fee as he considers reasonable for the performance by the Central Bank of Malaysia of the powers and duties conferred or imposed under this Act, and any such fee shall be charged on the Consolidated Fund.

Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459,,/5.Saving

5. Saving

Nothing in this Act shall take away or interfere with any right of any lawful holder of any stock issued under any of the laws specified in the Schedule.

Unannotated Statutes of Malaysia - Principal Acts/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 Act 459/LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960 ACT 459,,/LIST OF AMENDMENTS