Malaysia legislation

Section 30

of BANK SIMPANAN NASIONAL BERHAD ACT 1997

Section 30

(2)

Where the Minister refuses to give his consent under subsection (1), he shall notify the applicant in writing of his refusal.

(3)

Any person who fails to comply with subsection (1) shall be guilty of an offence and shall on conviction be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding three years or to both.

45

Bank Simpanan Nasional Berhad

Disqualifications of director or officer of the Bank