Section 26
Section 83 of the principal Act is amended—
of Labuan Companies (Amendment) Act 2022
Amendment ActIn forceProvision 26 of 61
Section 26
(a)
in subsection (2), by substituting for the words
“Ten thousand ringgit” the words “Fifty thousand ringgit and default penalty of five hundred ringgit”; and
(b)
in subsection (5), by substituting for the word “Ten”
the word “Fifty”.