Malaysia legislation

Section 9

of LABUAN COMPANIES (AMENDMENT) ACT 2022

Section 9

Amendment of section 12

(a)

in subsection (1), by inserting after the words

“Subject to such conditions” the words “and payment of the prescribed fee”; and

(b)

by inserting after subsection (4) the following subsection:

“(4a)  If default is made in complying with this section, the person who is in default commits an offence under this Act.

Penalty: Fifty thousand ringgit or imprisonment for a term not exceeding three years or both.”.

Amendment of section 13