Malaysia legislation

Section 57

of COMMODITIES TRADING ACT 1985

Section 57

(2)

Where an application for the extension of the period of six months specified in subsection (1) is made by a dealer to the Commissioner and the Commissioner is satisfied that there are special reasons for requiring the extension, the Commissioner may extend that period by one month subject to such conditions as the Commissioner thinks fit to impose.

(3)

Any dealer who fails to comply with subsection (1) or with any condition imposed under subsection (2) commits an offence and is liable on conviction to a fine not exceeding two thousand five hundred ringgit.

Section 57 — AKTA DAGANGAN KOMODITI 1985 | mylaw.my