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Division 4

69. Amendment of section 80

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Section 80 of the principal Act is amended—

(a)

by substituting for the shoulder note the following shoulder note:

“Liability where accounting records and information not kept”;

(b)

in subsection (1), by inserting after the words

“accounting records” wherever appearing the words

“or information”;

(c)

by inserting after subsection (1) the following subsection:

“(1a)  For the purposes of subsection (1),

“accounting records” has the same meaning as in the

Companies Act 1965.”; and

(d)

by substituting for subsection (2) the following subsection:

“(2)  Any person who contravenes 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.”.

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