Malaysia legislation

Section 24A

of *FARMERS' ORGANIZATION ACT 1973

Section 24A

Right of access to records, etc.

(a)

to summon at the time of his audit any officer or past officer, agent, servant or member of the Farmers’

Organization or member-unit who he has reason to believe can give material information in regard to any transaction of the Farmers’ Organization or member-unit or the management of its affairs;

(b)

to require the production at such place and within such period as may be specified by him of any book or document relating to the affairs of, or any cash or securities belonging to, the registered

Farmers’

24 Laws of Malaysia ACT 109

Organization or member unit by the officer or past officer, agent, servant or member in possession of such book, document, cash or securities.

(2)

Where in the course of the winding-up of a Farmers’

Organization or member-unit of such Farmers’ Organization or consequent upon an audit under section 24 or an inquiry or inspection under section 19 it appears that any person who has taken part in the organization or management of such Farmers’ Organization or member-unit or any past or present officer, agent, servant or member of the Farmers’ Organization or member-unit has misapplied or retained or become liable or accountable for any money or property of such Farmers’ Organization or member-unit or has been guilty of misfeasance or breach of trust in relation to the Farmers’

Organization or member-unit or on the application of the liquidator or of any creditor or contributory, the Registrar or other authorized person shall have the power to examine into the conduct of such person and make an order requiring him to repay or restore the money or property or any part thereof with interest at such rate as the

Registrar thinks just or to contribute such sum to the assets of such

Farmers’ Organization or member-unit by way of compensation in regard to the misapplication, retention, dishonesty or breach of trust as the Registrar thinks just and such order shall be enforced in the same manner as if the order has been a judgment of a Court.

Section 24A — FARMERS' ORGANIZATION ACT 1973 | mylaw.my