Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part II · Management, Ownership and Control
13. Report of acquisition to the Bank
Feedback & supportWhere it comes to the knowledge of a prescribed institution that any acquisition as is referred to in subsection 12(1) has been effected or is about to be effected in respect of itself, the prescribed
prescribed institution
“prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);
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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;
institution shall report it to the Bank within thirty days from the date the prescribed institution becomes aware of such acquisition.
Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
(Deleted by Act A1502).