Section 108C
Duty to lodge information with the Authority
ActIn forceProvision 122 of 211
Section 108C
(1)
The particulars of beneficial ownership obtained under section 108B shall be lodged by the Labuan company, foreign Labuan company or the resident secretary with the Authority as part of the annual return lodge pursuant to section 109 or 129.
(2)
The Authority may, by notice in writing, direct a Labuan company or foreign Labuan company to invoke its powers under this section and to immediately provide the Authority with the information obtained under section 108B.
(3)
Any person who submits false or misleading or inaccurate information to the Authority under this section commits an offence under this Act.