Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part IX · Miscellaneous
116. Submission of information and statistics
Feedback & supportA prescribed institution and a development financial institution for which an order is made under subsection 104(1) and their subsidiaries shall submit to the Bank or such person as the Bank may specify, such document or information as the Bank may require by notice in writing within such time as the Bank may specify and the prescribed institution, the development financial institution or their subsidiary, as the case may be, shall not submit any document or information—
prescribed institution
“prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);
which it knows or has reason to believe, to be false or misleading in a material particular; or
which is inaccurate or incomplete in respect of which there is a material error or omission, or any recurring error or omission.
Any prescribed institution or any development institution that contravenes paragraph (1)(a) commits an offence and shall on conviction be liable to a fine not exceeding twenty-five million ringgit.
development
“development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;
Any person complying with subsection (1) shall not be treated as being in breach of any contract, agreement or arrangement.
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;
(Deleted by Act A1502).
*NOTE—The Central Bank of Malaysia Act 1958 [Act 519] has been repealed by the Central Bank of
Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
Malaysia Act 2009 [Act 701] which comes into operation on 25 November 2009–see section 99 of
Act 701.
Development Financial Institutions 139
The Bank may require the document or information submitted under subsection (1) to be duly certified by any person including the auditor of the prescribed institution or the development financial institution, as the case may be.