489 - AKTA MAJLIS AMANAH RAKYAT 1966 — Malaysia law | Esheria

489 - AKTA MAJLIS AMANAH RAKYAT 1966

This Act sets up Majlis Amanah Rakyat (MARA), gives it powers to promote development and run projects, and requires it to keep accounts, be audited, and report annually.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Malaysia
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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corporate regulation funding governance loan use and repayment loans public register reporting seal and legal personality statutory corporation winding up

Statute overview

About this statute

This Act sets up Majlis Amanah Rakyat (MARA), gives it powers to promote development and run projects, and requires it to keep accounts, be audited, and report annually. Majlis may require repayment or reuse of misused loan money, and it has powers to enforce loan security and manage corporations it establishes.