Section 9
Section 12 of the principal Act is amended—
of Labuan Companies (Amendment) Act 2022
Amendment ActIn forceProvision 9 of 61
Section 9
(a)
in subsection (1), by inserting after the words
“Subject to such conditions” the words “and payment of the prescribed fee”; and
(b)
by inserting after subsection (4) the following subsection:
“(4a) If default is made in complying with this section, the person who is in default commits an offence under this Act.
Penalty: Fifty thousand ringgit or imprisonment for a term not exceeding three years or both.”.
Amendment of section 13