Section 29
Security deposit
(1)
Every applicant to whom a pilgrim organizer licence is issued shall deposit with the Lembaga as soon as may be after the issuance of the licence, and in any case not later than such period as may be specified by the Lembaga, and shall thereafter maintain with the Lembaga a security deposit in the form of—
(a)
a bank guarantee in such form and for such amount as may be approved by the Lembaga; and
(b)
a cash deposit to such amount as may be determined by the Lembaga.
(2)
The Lembaga may require any pilgrim organizer to furnish a fresh bank guarantee or to deposit further cash to such amount and in such manner as the Lembaga may determine as sufficient security for the time being for the continuance of the pilgrim organizer licence.
(3)
The security deposit required under subsection (1) shall be held as security for the due compliance with the terms and conditions imposed by the Lembaga under subsection 28(3) and for the due performance of the obligations imposed under section 31.
(4)
Where any pilgrim organizer fails to comply with any of the terms and conditions or to perform any of the obligations referred to in subsection (3), he shall forfeit to the Lembaga such part of the security deposit as may be determined by the Lembaga.
(5)
It shall be lawful for the Lembaga from time to time to deduct from the security deposit such amount or amounts as may be required―
(a)
to cover the amount of any forfeiture under subsection (4);
(b)
to pay any sum claimed under section 31;
(c)
to repay any sum which may have been paid by the
Lembaga in good faith to any person claiming a right to or interest in such sum.
26 Laws of Malaysia ACT 535