Section 7
Amendment of section 10
of Labuan Companies (Amendment) Act 2022
Amendment ActIn forceProvision 7 of 61
Section 7
Section 10 of the principal Act is amended by inserting after subsection (2) the following subsection:
“(2a) If default is made in complying with this section, the person who is in default commits an offence under this Act.
Penalty: One hundred thousand ringgit.”.