Malaysia legislation

Section 61

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

Section 61

Corporation may pay return or interest on obligatory payment

Where the Corporation makes an obligatory payment under section 56, the Corporation may at its sole discretion pay, in addition to the amount the Corporation is obliged to pay, return or interest on that amount at a rate determined by the Corporation for the period commencing on the date of the filing of the petition for the winding up in respect of a deposit-taking member that holds the deposit and ending on the date of the making of the payment in respect of the deposit, but the aggregate of the payments made under this section and section 56

in relation to the deposit shall in no case exceed such limit as prescribed under subsection 42(2).

Malaysia Deposit Insurance Corporation 79

Section 61 — MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011