Section 15
Section 60AA of the principal Act is amended—
ActIn forceProvision 15 of 24
Section 15
(a)
by renumbering the existing section 60AA as subsection
(1)
of that section; and
(b)
by inserting after subsection (1) the following subsection:
“(2) In relation to management expenses incurred by any person in connection with a takaful business, that expense shall, in the application of sections 60 and 60A to that business, be deemed to have been incurred by him in respect of the life or general business referred to in those sections.”.
Amendment of section 103