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.”.