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Section 8

Amendment of section 11

of Labuan Companies (Amendment) Act 2022

Amendment ActIn forceProvision 8 of 61
Section 8

Section 11 of the principal Act is amended by inserting after subsection (5) the following subsection:

“(6)  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.”.

Amendment of section 12