Malaysia legislation
Section 116
Section 116
Submission of information and statistics
(a)
which it knows or has reason to believe, to be false or misleading in a material particular; or
(b)
which is inaccurate or incomplete in respect of which there is a material error or omission, or any recurring error or omission.
(2)
Any prescribed institution or any development institution that contravenes paragraph (1)(a) commits an offence and shall on conviction be liable to a fine not exceeding twenty-five million ringgit.
(2A)
Any person complying with subsection (1) shall not be treated as being in breach of any contract, agreement or arrangement.
(3)
(Deleted by Act A1502).
*NOTE—The Central Bank of Malaysia Act 1958 [Act 519] has been repealed by the Central Bank of
Malaysia Act 2009 [Act 701] which comes into operation on 25 November 2009–see section 99 of
Act 701.
Development Financial Institutions 139
(4)
The Bank may require the document or information submitted under subsection (1) to be duly certified by any person including the auditor of the prescribed institution or the development financial institution, as the case may be.
Indemnity