Malaysia legislation
Section 82
Section 82
Accounts to be laid before meeting
(1)
Subject to section 85, the directors of a Langkawi company shall cause to be laid before the company at a meeting of members the audited accounts or unaudited accounts, as the case may be, of the company not more than nine months after the date to which the audited accounts or unaudited accounts are made up.
(2)
Notwithstanding subsection (1), a Langkawi company shall not be required to lay before the company at a meeting of members the audited accounts or unaudited accounts, as the case may be, of the company if the members unanimously resolve that such accounts need not be laid at a meeting of members in respect of each financial year.
(3)
If default is made in complying with this section, the
Langkawi company and every officer of the company shall be guilty of an offence against this Act.
Penalty: Ten thousand ringgit. Default penalty.