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Section 21

Amendment of section 71

of Labuan Companies (Amendment) Act 2022

Amendment ActIn forceProvision 21 of 61
Section 21

Section 71 of the principal Act is amended by inserting after subsection (2) the following subsection:

“(3)  If default is made in complying with this section, the person who is in default commits an offence under this Act.

Penalty: One million ringgit or imprisonment for a term not exceeding three years or both.”.