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Section 22

Amendment of section 24

of Development Financial Institutions (Amendment) Act 2015

Amendment ActIn forceProvision 22 of 120
Section 22

Section 24 of the principal Act is amended by substituting for subsection (2) the following subsection:

“(2)  Any person who fails to comply with the direction 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.”.

Amendment of section 25