Malaysia legislation
Section 37
Section 37
Malaysia Deposit Insurance Corporation 53
(2)
A member institution shall comply with the terms and conditions as may be prescribed pursuant to subsection (1).
(3)
Any person who contravenes subsection (2) commits an offence and shall, on conviction, be liable to a fine not exceeding five million
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ringgit or to imprisonment for a term not exceeding five years or to both and shall, in addition, be liable to a daily fine not exceeding fifty thousand ringgit for every day the offence continues after conviction.
Cancellation of membership