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Section 33

Amendment of section 91

of Labuan Companies (Amendment) Act 2022

Amendment ActIn forceProvision 33 of 61
Section 33

Section 91 of the principal Act is amended by inserting after subsection (10) the following subsection:

“(11)  If default is made in complying with this section, the director of the company who is in default commits an offence under this Act.

Penalty: Three million ringgit or imprisonment for a term not exceeding five years or both.”.

Amendment of section 92