Malaysia legislation

Section 31

of Act 125

Section 31

The Minister may at any time direct the Central Bank to make an investigation under conditions of secrecy of the books, accounts and transactions of any licensed borrowing company if he has reason to believe that such licensed borrowing company is carrying on its business in a manner detrimental to the interests of its depositors and other creditors or has insufficient assets to cover its liabilities to its depositors or is contravening the provisions of this Act.

Section 31 — Act 125 | mylaw.my