← Development Financial Institutions Act 2002

Development Financial Institutions Act 2002 s 14

s 14 Change in control, amalgamation and merger

(1) Unless the Minister otherwise approves, no person shall— (a) subject to subsection 12(1), take control of a prescribed institution or its holding company; or (b) amalgamate or merge with any prescribed institution. (2) Any person who contravenes subsection (1) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding ten years or to a fine not exceeding fifty million ringgit or to both.

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Find Act 618 on lom.agc.gov.my ↗

Text as at 1 August 2016 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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