Malaysia legislation
Section 80
Section 80
Liability where accounting records and information not kept
(1A)
For the purposes of subsection (1), “accounting records” has the same meaning as in the *Companies Act 1965.
(2)
Any person who contravenes subsection (1) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding one year or to a fine not exceeding five million ringgit or to both.
Application to trust fund