Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part VIII · Examination and Investigation
106E. Civil action by Bank
Feedback & supportWhere it appears to the Bank that there is a reasonable likelihood that any person will contravene or has contravened or will breach or has breached or is likely to fail to comply with or has failed to comply with—
Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
any provisions of this Act;
any provisions of any regulations made under this Act;
any order made or direction issued by the Bank under this
Act;
any standards, condition, restriction, specification or requirement under this Act; or
standards
“standards” includes any obligation or requirement as specified by the Bank under this Act and such standards may contain any interpretative, incidental, supplemental, consequential and transitional provisions; *NOTE—The Companies Act 1965 has been repealed by the Companies Act 2016 which comes into operation on 31 January 2017–see subsection 620(1)…
any action taken by the Bank under subsection 106A(3), the Bank may institute civil proceedings in a court seeking any order specified under subsection 106F(1) against that person whether or not that person has been charged with an offence in respect of the contravention, breach or noncompliance or whether or not the contravention, breach or non-compliance has been proved in a prosecution.
person
“person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;