Malaysia legislation

Section 19

of LABUAN COMPANIES (AMENDMENT) ACT 2022

Section 19

Section 69 of the principal Act is amended—

(a)

by renumbering the existing provision as subsection (1);

and

(b)

by inserting after subsection (1) as renumbered the following subsection:

“(2)  If default is made in complying with this section, the person who is in default commits an offence under this Act.

Penalty: Three million ringgit or imprisonment for a term not exceeding five years or both.”.

Amendment of section 70

Section 19 — AKTA SYARIKAT LABUAN (PINDAAN) 2022 | mylaw.my