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Section 588

General penalty

of Companies Act 2016

ActIn forceProvision 589 of 768
Section 588

(a)

does that which by or under this Act he is prohibited to do;

(b)

does not do that which by or under this Act he is required or directed to do; or

552

(c)

otherwise contravenes or fails to comply with any provision of this Act.

(2)

A person who is guilty of an offence under this Act shall, on conviction, be liable to a penalty or punishment not exceeding the penalty or punishment expressly mentioned as the penalty or punishment for the offence, or if a penalty or punishment is not mentioned—

(a)

in the case of a person who is an individual, to a fine not exceeding fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both;

(b)

in the case of a person other than an individual, to a fine not exceeding fifty thousand ringgit.

(3)

For the purposes of this section, “individual” means a natural person.