Malaysia legislation
Section 6
Seksyen 6
Seksyen 32 Akta ibu dipinda dengan memasukkan selepas subseksyen (1) subseksyen yang berikut:
“(1A)(a) Where in the relevant period a relevant person acquired any right to acquire shares in a company of the kind to which paragraph 13(1)(a) applies, under his name or in the name of his nominee or agent, the amount in respect thereof to be included in his gross income from the employment shall be—
(i)
the market value of the shares where the right shall be exercised, assigned, released or acquired on a specified date or where the right shall be exercised, assigned, released or acquired within a specified period, the first day of that period; or
(ii)
the market value of the shares on the date of the exercise, assignment, release or acquisition of the right, whichever is the lower less the amount paid for the shares.
(b)
In this subsection, “market value” means—
(i)
in the case of a company listed on Bursa Malaysia, the average price of the shares which is ascertained by averaging the highest and the lowest price of the shares for the day; or
(ii)
in any other case, the net asset value of the shares for the day.”.
Pindaan seksyen 39