Religious Council and Kadis Courts Act · 2022 Revised Edition · Part · General
199. Provident Fund
Official textFrom Attorney General's Chambers, unchanged
The Majlis shall have power to institute and administer a provident fund for the benefit of any or all of the employees of the Majlis.
Religious Council and Kadis Courts
The Majlis shall itself be the sole trustee of any such provident fund, and shall hold all monies, investments and assets appertaining thereto as a segregated fund.
The Majlis may appoint a Managing Committee to administer any such provident fund and such Managing Committee may include persons not members of the Majlis and persons who are beneficiaries of the fund.
The Majlis may invest any monies or assets of any such provident fund in any of the investments by this Act, authorised for the investment of monies and assets constituting the General Endowment Fund, and shall have the like powers in respect of change of investment, employment of bankers and similar matters as relate to the General
General Endowment Fund
“General Endowment Fund” means the General Endowment Fund established under section 98;
Endowment Fund.
The Majlis may contribute to any such provident fund out of monies and assets constituting the General Endowment Fund.
The Majlis may, with the approval in writing of His Majesty the
Sultan and Yang Di-Pertuan, make rules to regulate —
the institution, organisation, administration and management of the provident fund;
the proceedings of the Managing Committee;
the proceedings of meetings of contributors to the provident fund;
the eligibility of contributors to the provident fund;
the amount of contributions and the terms upon which they will be received, and paid out;
the absorption of other provident funds or similar institutions;
the alteration or amendment of the rules governing the provident fund; and
the winding up of the provident fund.
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The Majlis may discontinue and wind up any such provident fund.
The expenses of managing and administering any such provident fund shall be borne by the fund.
Terms defined in s 2
General Endowment Fund
Defined · s 2“General Endowment Fund” means the General Endowment Fund established under section 98;