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In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part VII · Ownership, Control and Transfer of Business

Section 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.

Report

Read on from s 118

Part VIII

Financial Groups

Read on from Part VIII

Part VI

Part VI—

Read on from Part VI

Part IX

Business Conduct and Consumer Protection

Read on from Part IX

Part X

Islamic Money Market and Islamic Foreign Exchange Market

Read on from Part X

Part XI

Submission of Document or Information

Read on from Part XI

Part XII

Examination

Read on from Part XII

Part XIII

Directions of Compliance

Read on from Part XIII

Part XIV

Intervention and Remedial Action

Read on from Part XIV

Part XV

Other Powers of Bank

Read on from Part XV

Part XVI

Enforcement and Penalties

Read on from Part XVI

Part XVII

General Provisions

Read on from Part XVII

Part XVIII

Repeal, Savings and Transitional

Read on from Part XVIII

Schedules