Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part VII · Auditor and Accounts
78. Action in relation to annual accounts
Feedback & supportA prescribed institution shall, within fourteen days ***of the laying of its accounts at its annual general meeting, or within such further period as the Bank may approve—
prescribed institution
“prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);
*NOTE—For application to Bank Simpanan Nasional–see subsubparagraph 2(a)(i) of the Development
Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
Financial Institutions (Bank Simpanan Nasional) (Modification) Order 2004 [P.U. (A) 147/2004] which comes into operation on 15 February 2002.
modification
“modification” includes amendment, adaptation, alteration, variation, addition, division, substitution or exclusion;
**NOTE—For application to Bank Simpanan Nasional–see subsubparagraph 2(a)(ii) of the Development
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;
Financial Institutions (Bank Simpanan Nasional) (Modification) Order 2004 [P.U. (A) 147/2004] which comes into operation on 15 February 2002.
***NOTE—For application to Bank Simpanan Nasional–see subsubparagraph 2(b)(i) of the Development
Financial Institutions (Bank Simpanan Nasional) (Modification) Order 2004 [P.U. (A) 147/2004] which comes into operation on 15 February 2002.
Development Financial Institutions 95
publish in not less than two daily newspapers published in
Malaysia and approved by the Bank, one in the national language and another in English language; and
exhibit in a conspicuous position at each of its branches in
Malaysia, a copy each of the reports of the board of directors, its revenue account, profit and loss account and balance sheet *as laid before its general meeting and such other document as the Bank may specify.
(Deleted by Act A1502).