Malaysia legislation

Section 26

of LABUAN COMPANIES (AMENDMENT) ACT 2022

Section 26

Amendment of section 83

(a)

in subsection (2), by substituting for the words

“Ten thousand ringgit” the words “Fifty thousand ringgit and default penalty of five hundred ringgit”; and

(b)

in subsection (5), by substituting for the word “Ten”

the word “Fifty”.

Amendment of section 84