Malaysia legislation
Section 131
Seksyen 131
Akta Syarikat 1965 adalah dipinda—
(a)
dengan menggantikan takrif "banking corporation" dalam seksyen 4 (1) Akta itu dengan takrif yang berikut:
' "banking corporation" means a licensed bank, a licensed merchant bank and an Islamic bank;';
(b)
dengan memasukkan dalam seksyen 4 Akta itu selepas sahaja subseksyen (1), subseksyen baru (1A) yang berikut:
"(1A)In this Act—
(a)
"licensed bank", "licensed business", "licensed discount house", "licensed finance company", "licensed institution", "licensed merchant bank", "licensed money-broker", "non-scheduled institution", "scheduled business" and "scheduled institution" shall have the meanings assigned to them in section 2 (1) of the Banking and Financial Institutions Act 1989; and
(b)
"Islamic bank" or "Islamic banking business" shall have the meaning assigned to it in the Islamic Banking Act 1983.";
(c)
dengan menggantikan perkataan-perkataan "finance company licensed under the Finance Companies Act 1969" dalam seksyen 169 (19) Akta itu dengan perkataan-perkataan "a licensed finance company, a licensed discount house, a licensed money-broker, a scheduled institution in respect of which the Minister charged with responsibility for finance has made an order under section 24 (1) of the Banking and Financial Institutions Act 1989 and a non-scheduled institution in respect of which such Minister has made an order under section 93 (1) of that Act";
(d)
dengan menggantikan perenggan (f) seksyen 217 (1) Akta itu dengan yang berikut:
" (f) in the case of a company which is a licensed institution, or a scheduled institution in respect of which the Minister charged with responsibility for finance has made an order under section 24 (1) of the Banking and Financial Institutions Act 1989, or a non-scheduled institution in respect of which such Minister has made an order under section 93 (1) of that Act, Bank Negara Malaysia,";
(e)
dengan memotong perenggan (g) seksyen 217 (1) Akta itu;
(f)
dengan menggantikan perenggan (j) seksyen 218 (1) Akta itu dengan yang berikut:
"(j) the company has held a licence under the Banking and Financial Institutions Act 1989 or the Islamic Banking Act 1983. and that licence has been revoked or surrendered; or"; dan
(g)
dengan menggantikan perenggan (k) seksyen 218 (1) Akta itu dengan yang berikut:
" (k) the company has carried on Islamic banking business, licensed business, or scheduled business, or it has accepted, received or taken deposits in Malaysia, in contravention of the Islamic Banking Act 1983 or the Banking and Financial Institutions Act 1989, as the case may be."