Malaysia legislation

Section 8

of INSOLVENCY (AMENDMENT) ACT 2023

Section 8

Amendment of section 33b

(a)

in subsection (2a)—

(i)

in paragraph (c), by deleting the word “and” at the end of the paragraph;

(ii)

in paragraph (d), by substituting for the full stop at the end of the paragraph a semicolon; and

(iii)

by inserting after paragraph (d) the following paragraphs:

“(e) a bankrupt who is incapable of managing himself and his affairs due to any mental disorder, as certified by a psychiatrist from any government hospital; and

(f)

a bankrupt aged seventy years and above and in the opinion of the Director General of

Insolvency, is incapable of contributing to the administration of his estate.”; and

6

(b)

by inserting after subsection (6) the following subsection:

“(7)  For the purposes of paragraph (2a)(e),

“mental disorder” and “psychiatrist” have the meaning assigned to them in the Mental Health Act 2001

[Act 615].”.

Amendment of section 33c