Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part VI · Management of Assets and Liabilities
36. Obligations of officer of affected person
Official textFrom Laws of Malaysia Online, unchanged
An officer or employee of the affected person shall within seven days after the appointment of the Special Administrator—
affected person
“affected person” means— (a) any company owing a duty or liability under a credit facility to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; (b) any subsidiary of the company referred to in paragraph (a); (c) any company which has provided security for the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; or Pengurusan Danaharta Nasional Berhad 31 (d) any company where at least two per cent of its share capital has been charged, pledged or mortgaged by any person to secure the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent;
deliver to the Special Administrator all books of the affected person in the possession of the officer or employee; and
if the officer or employee knows the location of other books relating to the affected person, inform the Special
Administrator of the location of those books.
An officer or employee of an affected person shall—
attend to the Special Administrator at such times; and
give the
Special
Administrator such information concerning the affected person’s assets, affairs and financial circumstances, as the Special Administrator may reasonably require.
In this section, “officer” in relation to the affected person includes a receiver, receiver and manager, provisional liquidator and director (as defined in the Companies Act 1965).
Any person who contravenes this section or submits or causes to be submitted any information that is materially false or misleading or from which there is a material omission, commits an offence and
42 Laws of Malaysia shall on conviction be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
Terms defined in this Act
affected person
Defined · s 21“affected person” means— (a) any company owing a duty or liability under a credit facility to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; (b) any subsidiary of the company referred to in paragraph (a); (c) any company which has provided security for the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; or Pengurusan Danaharta Nasional Berhad 31 (d) any company where at least two per cent of its share capital has been charged, pledged or mortgaged by any person to secure the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent;
books
Defined · s 2“books” includes a register, a document, an account or accounting records, however compiled, recorded or stored, and any other record of information;
Special Administrator
Defined · s 2“Special Administrator” means the person appointed under section 23 or 24;
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X