Seksyen 1
(2)
Akta ini mula berkuat kuasa pada tarikh yang ditetapkan oleh Menteri melalui pemberitahuan dalam Warta.
Pindaan seksyen 5
/akn/my/act/amendment_act/2020/A1624
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Quick answer
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
Akta ini mula berkuat kuasa pada tarikh yang ditetapkan oleh Menteri melalui pemberitahuan dalam Warta.
Pindaan seksyen 5
Akta Insolvensi 1967 [Akta 360], yang disebut “Akta ibu”
dalam Akta ini, dipinda dalam seksyen 5—
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
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.
Where an order to amend the amount of debt for the presentation of a bankruptcy petition in subsection (1a) ceases or expires—
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
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).
The order made under subsection (1a) shall be laid before the Dewan Rakyat as soon as practicable after its publication in the Gazette.”.
Kecualian
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.