Malaysia legislation

Section 20

of DEVELOPMENT FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2015

Section 20

Section 21 of the principal Act is amended—

(a)

by substituting for subsection (2) the following subsection:

“(2)  Any person who fails to comply with an order under subsection (1) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding one year or to a fine not exceeding five million ringgit or to both.”; and

(b)

by substituting for subsection (4) the following subsection:

“(4)  Any person who fails to comply with an order under subsection (3) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding one year or to a fine not exceeding five million ringgit or to both.”.

Amendment of section 22

Section 20 — DEVELOPMENT FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2015