Malaysia legislation
Section 41
Section 41
(1)
Where the Corporation has made a loan or has guaranteed any loan of money under the provisions of this Enactment it may –
(a)
from time to time, make or cause to be made such examination as may be necessary to ensure that the loan is being applied to the purposes for which it was made;
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(b)
require financial statement in such detail as it may determine to be submitted by the person, body or authority in receipt of the loan bi-annually or at shorter intervals at the discretion of the Corporation and such persons, body or authority shall comply with such request.
(2)
The Corporation may authorise in writing any of its officers or servants, or any other person to make such examination, and the person, body or authority in receipt of the loan shall produce to such officer or servants, or person all the books, documents and other matters and things necessary for the purposes of the examination.
(3)
Any person who fails to comply with any of the provisions of paragraph (b) of subsection (1) or any of the provisions of subsection 2 shall be guilty of an offence and shall, on conviction thereof, be liable to a fine of one thousand ringgit and imprisonment for six months.
Order of Corporation upon such examination.