Malaysia legislation
Section 92
Section 92
(a)
not to take any action in the matter, and inform the Minister or the State Authority which submitted the report accordingly; or
(b)
that it is necessary to investigate and control the business and affairs of the non-scheduled institution concerned for the protection of the interests of the depositors, creditors, customers or members, or of any class or category of them, respectively.
(2)
For the avoidance of doubt it is hereby declared that—
(a)
before the Minister makes a decision under subsection (1) (b); or
(b)
before the Minister referred to in section 91 (a) or (b), or the State Authority, submits the report and recommendation under section 91, to the Minister, it shall not be necessary for the Minister, or the Minister referred to in section 91 (a) or (b), or the State Authority, to give an opportunity to the non-scheduled institution concerned to make any representation whatsoever to the Minister, or to the Minister referred to in section 91 (a) or (b), or to the State Authority, as the case may.