Section 112
Audited accounts to be sent to members
A copy of every audited accounts or unaudited accounts, as the case may be, which are to be laid before a Labuan company at a meeting of members accompanied by a copy of the auditor’s report thereon (if applicable) shall, not less than seven days before the date of the meeting, be sent to all members of the company.
*NOTE—Previously “Ten”—see paragraph 41(b)(ii) of the Labuan Companies (Amendment) Act 2022
126 Laws of Malaysia ACT 441
(2)
Any director of a Labuan company who fails to take all reasonable steps to secure compliance by the company with the requirements of this section or a resident director who has by his own wilful act been the cause of any default by the company under this section, commits an offence under this Act.
Penalty: Fifty thousand ringgit and default penalty of five hundred ringgit.