Malaysia legislation

Section 7

of LABUAN COMPANIES (AMENDMENT) ACT 2022

Section 7

Amendment of section 10

Section 10 of the principal Act is amended by inserting after subsection (2) the following subsection:

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

Penalty: One hundred thousand ringgit.”.