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Section 48

Amendment of section 52

of Development Financial Institutions (Amendment) Act 2015

Amendment ActIn forceProvision 49 of 120
Section 48

Section 52 of the principal Act is amended by substituting for subsection (3) the following subsection:

“(3)  Any person who contravenes subsection (1) or (2)

commits an offence and shall on conviction be liable to imprisonment for a term not exceeding eight years or to a fine not exceeding twenty-five million ringgit or to both.”.

Amendment of section 53