Section 8

No person dealing with any authorized officer of the Authority shall be concerned to see or inquire whether any restrictions or limitations have been prescribed, and every act or omission of the authorized officer, so far as the act or omission affects any such person, shall be as valid and effectual as if done or omitted by the

Authority.

All courts, judges and persons acting judicially shall take judicial notice of the seal of the Authority.

For the purpose of ascertaining whether a Labuan company or a foreign Labuan company is complying with this Act, the Authority or any authorized officer may require the Labuan company or the foreign Labuan company or any officer of the Labuan company or the foreign Labuan company to produce any book, minute book, register or record required to be kept by the company under or by this Act for the Authority’s or the authorized officer’s inspection.

A Labuan company, foreign Labuan company or any officer of the company shall, on being required by the Authority or any authorized officer to do so under subsection (4), produce such book, minute book, register or record.

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The Labuan company, foreign Labuan company or any officer of the company shall not obstruct or hinder the Authority or any authorized officer of the Authority while exercising any of the powers referred in subsection (4).

If default is made in complying with this section, the Labuan company, foreign Labuan company and every officer of the company who is in default commits an offence under this Act.

Penalty: Five hundred thousand ringgit or imprisonment for one year or both.

A Labuan company or a foreign Labuan company shall pay to the Authority such fees as may be prescribed.

Lodging of documents