Malaysia legislation

Section 142A

of *LABUAN COMPANIES ACT 1990

Section 142A

(2)

The Authority shall, before making a decision to impose an administrative penalty on a person, serve on him a written notice calling on him to show cause why the administrative penalty should not be imposed upon him.

(3)

If a satisfactory explanation is not received within such period as may be specified in the written notice, the Authority may impose an administrative penalty in an amount not exceeding five hundred

Labuan Companies 183

ringgit for each day of non-compliance and such amount shall not in total exceed the sum of *fifty thousand ringgit.

(4)

Where a person has failed to pay an administrative penalty imposed by the Authority under subsection (3), the penalty imposed by the Authority may be sued for and recovered as a debt due to the

Authority.

Section 142A — AKTA SYARIKAT LABUAN 1990 | mylaw.my