Section 16
Amendment of section 15
of Development Financial Institutions (Amendment) Act 2015
Amendment ActIn forceProvision 16 of 189
Section 16
Section 15 of the principal Act is amended by substituting for subsection (2) the following subsection:
“(2) Any prescribed institution that contravenes subsection (1) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding ten years or to a fine not exceeding fifty million ringgit or to both.”.