Islamic Financial Services Act 2013 · s 117

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s 117

(1)

An order of the High Court made under subsection 114(3)

shall, subject to the directions of the High Court, be published by the transferee in not less than two daily newspapers published in Malaysia and approved by the Bank, one of which shall be in the national language and the other in English.

(2)

A transferor shall, within thirty days after the business transfer scheme has taken effect, lodge—

(a)

such documents or information relating to the business transfer scheme as may be specified by the Bank, with the

Bank; and

(b)

a certified copy of such order made by the High Court under subsection 114(3) together with a certified copy of the

Bank’s approval, with—

(i)

the Registrar of Companies; and

(ii)

the appropriate authority, if any, concerned with the registration or recording of dealings in any movable property, or any interest in movable property transferred pursuant to the order.