Section 25

(1)

The Perbadanan TAIB shall establish a Reserve Fund.

(2)

There shall be paid into the Reserve Fund by the

Perbadanan TAIB —

(a)

the net income or profit from the investment of —

(i)

the assets of the Reserve Fund;

(ii)

the deposits from customers in the performance of banking operations in accordance with this Act; and

(iii)

the deposits from the subscribers of the Hajj Fund;

and

(b)

any Government grant, gift, contribution or bequest made to the Perbadanan TAIB.

Declaration of bonus, dividend or profit [S 18/2022]

Report

Part

General