Malaysia legislation
Section 29
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 29
(2)
A guarantor company or every officer of that company which fails to comply with the requirement contained in a notice given pursuant to subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.
Monies to be immediately payable on certain events