Labuan Financial Services and Securities Act 2010 s 188
s 188 Offences by body corporate
(1) If a body corporate commits an offence under this Act or any regulations made under this Act, any person who, at the time of the commission of the offence, was a director or other similar officer or was purporting to act in any such capacity—
(a) may be charged severally or jointly in the same proceedings with the body corporate; and
(b) if the body corporate is found to have committed the offence, shall be deemed to have committed that offence unless, having regard to the nature of his functions in that capacity and to all circumstances, he proves—
(i) that the offence was committed without his knowledge, consent or connivance; and
(ii) that he took all reasonable precautions and had exercised due diligence to prevent the commission of that offence.
Malay text (authoritative)
Kesalahan oleh pertubuhan perbadanan
Jika sesuatu pertubuhan perbadanan melakukan suatu kesalahan di bawah Akta ini atau mana-mana peraturan yang dibuat di bawah Akta ini, mana-mana orang yang, pada masa pelakuan kesalahan itu, ialah pengarah atau pegawai lain yang seumpamanya atau yang berupa bertindak atas apa-apa sifat sedemikian—
(a) boleh didakwa secara berasingan atau bersesama dalam prosiding yang sama bersekali dengan pertubuhan perbadanan itu; dan
(b) jika pertubuhan perbadanan itu didapati melakukan kesalahan itu, hendaklah disifatkan telah melakukan kesalahan itu melainkan jika, dengan mengambil kira jenis fungsinya atas sifat itu dan segala hal keadaan, dia membuktikan—
(i) bahawa kesalahan itu telah dilakukan tanpa pengetahuan, persetujuan atau pembiarannya; dan
(ii) bahawa dia telah mengambil segala langkah yang munasabah dan telah menjalankan segala usaha yang wajar untuk mencegah pelakuan kesalahan itu.
Read this section in the full act → · Open Division 3 →
Find Act 704 on lom.agc.gov.my ↗
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).
