/akn/my/act/amendment_act/2020/A1624

AKTA INSOLVENSI (PINDAAN) 2020

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Type
Amendment Act
Status
In force
Enacted
2020
Sections
3
Languages
MS · EN

Quick answer

About this amendment act

AKTA INSOLVENSI (PINDAAN) 2020 is Malaysia Amendment Act, cited as Amendment Act A1624 2020, currently marked in force and first recorded in 2020.

Opening note

Preamble

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  1. Suatu Akta untuk meminda Akta Insolvensi 1967. [ ] DIPERBUAT oleh Parlimen Malaysia seperti yang berikut: Tajuk ringkas dan permulaan kuat kuasa

Seksyen 2

Akta Insolvensi 1967 [Akta 360], yang disebut “Akta ibu”

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dalam Akta ini, dipinda dalam seksyen 5—

(a)

dalam perenggan (1)(a), dengan menggantikan perkataan

“fifty thousand ringgit” dengan perkataan “one hundred thousand ringgit”; dan

UNDANG-UNDANG MALAYSIA

Akta A1624

AKTA INSOLVENSI (PINDAAN) 2020

Undang-Undang Malaysia 4

Akta A1624

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(b)

dengan memasukkan selepas subseksyen (1) subseksyen yang berikut:

“(1a)  The Minister may, after consultation with the Minister of Finance, by order published in the

Gazette, amend the amount of debt in paragraph (1)(a)

for the presentation of a bankruptcy petition for a specific time period, if the Minister is satisfied that there are special circumstances and that it would not be contrary to public interest, to do so.

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(1b)

Where an order to amend the amount of debt for the presentation of a bankruptcy petition in subsection (1a) ceases or expires—

(a)

any bankruptcy petition, presented by a petitioning creditor against a debtor which is still pending immediately before the order under subsection (1a) ceases or expires, shall be continued or concluded in accordance with the amount of debt as amended by the order in subsection (1a);

and

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(b)

any bankruptcy petition, presented by a petitioning creditor against a debtor after the order in subsection (1a) ceases or expires, shall be continued or concluded in accordance with the amount of debt as specified in paragraph (1)(a).

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(1c)

The order made under subsection (1a) shall be laid before the Dewan Rakyat as soon as practicable after its publication in the Gazette.”.

Kecualian

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Seksyen 3

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Apa-apa petisyen kebankrapan yang dikemukakan oleh pempetisyen pemiutang terhadap penghutang sebelum Akta ini mula berkuat kuasa dengan jumlah hutang yang terhutang oleh penghutang kepada pemiutang yang memenuhi kehendak dalam perenggan 5(1)(a) Akta ibu, yang masih belum selesai sebaik sebelum mula berkuat kuasanya Akta ini, hendaklah diteruskan atau diselesaikan di bawah Akta ibu seolah-olah Akta ibu tidak dipinda oleh Akta ini.

Common questions

What is AKTA INSOLVENSI (PINDAAN) 2020?
AKTA INSOLVENSI (PINDAAN) 2020 is Malaysia Amendment Act, cited as Amendment Act A1624 2020, currently marked in force and first recorded in 2020.
Is AKTA INSOLVENSI (PINDAAN) 2020 still in force?
Yes — AKTA INSOLVENSI (PINDAAN) 2020 is currently in force.
When did AKTA INSOLVENSI (PINDAAN) 2020 take effect?
AKTA INSOLVENSI (PINDAAN) 2020 was first recorded in 2020.
How many sections does AKTA INSOLVENSI (PINDAAN) 2020 have?
AKTA INSOLVENSI (PINDAAN) 2020 contains 3 sections.
Where can I read the official version of AKTA INSOLVENSI (PINDAAN) 2020?
The official text of AKTA INSOLVENSI (PINDAAN) 2020 is published at lom.agc.gov.my.
AKTA INSOLVENSI (PINDAAN) 2020 (A1624) | mylaw.my