Section 99
Approval required for reconstruction or amalgamation of licensed person
of Financial Services Act 2013
ActIn forceProvision 99 of 124
Section 99
No person shall enter into an agreement or arrangement for the reconstruction or amalgamation under the *Companies Act 1965 of a
*NOTE―The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016 [Act 777]
which comes into operation on 31 January 2017―see subsection 620(1) of Act 777.
114 Laws of Malaysia licensed person except with the prior written approval of the Minister, on the recommendation of the Bank.