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Section 133

Supervision of the Corporation

of Malaysia Deposit Insurance Corporation Act 2011

ActIn forceProvision 148 of 236
Section 133

Subject to an order of the Court and notwithstanding subsection 487(4) of the Companies Act 2016, a liquidator, other than the Official Receiver, appointed in respect of the winding up of a member institution shall carry out his functions under the direction and supervision of the Corporation.

Specific provision on winding up of deposit-taking member