Malaysian Rubber Exchange (Incorporation) Act 1962, No. 402 Country/Territory Malaysia Document type Legislation Date 1962 Source FAO, FAOLEX Long titleAn Act to provide for the establishment of a Corporation to be known as the Malaysian Rubber Exchange for the setting-up of a rubber market in Malaysia and the promotion and regulation of the rubber trade and industry and for matters incidental thereto. Subject Agricultural & rural development Keyword Agricultural commodities Agricultural development Institution Geographical area Asia, Asia and the Pacific, East Asian Seas, South-Eastern Asia Entry into force notes On West Malaysia this Act came into force on 24 February 1962; on East Malaysia it entered into force on 1 January 1974. Abstract The present Act provides for the setting up of a Corporation to be known as the Malaysian Rubber Exchange, which shall be in charge of the establishment of a rubber market in Malaysia and the promotion and regulation of the rubber trade and industry and for matters incidental thereto. The Act is composed of the following six Parts: (I) Preliminary; (II) Incorporation of Malaysian Rubber Exchange; (III) Objects of the Corporation; (IV) Membership of the Coroporation; (V) Management of the Corporation; (VI) Miscellaneous. The main objectives for which the Coroporation is hereby incoroporated are: a) to promote, support, develop and maintain the rubber industry in general; b) to enter into relations and to cooperate to such extent and on such conditions as may be deemed desirable with associations or companies having objects altogether or in part similar to those of the Corporation and with Chambers of Commerce and other trade, mercantile and public bodies throughout the world; c) to inspect, sample and grade rubber in any part of the world in such manner as may be deemed expedient; d) to act as arbitrator and to appoint arbitrators and umpires in any dispute affecting rubber or any dealing therein and otherwise to make arrangements for the settlement of disputes by arbitration. Full text English