Section 15
Separate account for activities under the licence
In respect of his licensed activities, a licensee shall maintain proper annual accounts separate from the licensee’s other business and the Commission may request the licensee to submit such report to the Commission from time to time.
(2)
Such separate accounts shall contain sufficient details of any revenues, costs, assets, liabilities, reserves, provisions or any other matter which have been either —
(a)
charged from or to any other business; or
(b)
determined by allocation or apportionment attributable and identifiable to the licensed activity or activities, or any other information deemed necessary by the Commission.
(3)
Any licensee who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding five hundred thousand ringgit and in the case of a continuing offence, to a further fine not exceeding one thousand ringgit for every day or part of a day during which the offence continues after conviction.