Malaysia legislation

Section 14

of COMPANIES (AMENDMENT) ACT 2024

Section 14

Companies (Amendment)

The principal Act is amended by substituting for section 395

the following section:

“Non-application of this Subdivision

Quoted provision

Section 395

This Subdivision shall not apply to—

(a)

a company which is a licensed institution or an operator of a designated payment system regulated under the laws enforced by the Central Bank of Malaysia;

(b)

a company which is approved or registered under