Labuan Financial Services and Securities Act 2010 s 81
s 81 Examination of books and accounts of a Labuan trust company
(1) Any person who—
(a) satisfies the Court that he has an interest under any trust which is for the time being under the control or management of a Labuan trust company; and
(b) objects to an act or decision of the Labuan trust company on the basis that there was some irregularity or impropriety by the Labuan trust company in doing that act or making that decision,
may apply to the Court to have such entries in the books and accounts of the Labuan trust company as are related to that act or decision examined.
(2) Where the Court receives an application under subsection (1), it may appoint an auditor to examine such entries in the books and accounts of the Labuan trust company and the auditor shall report his findings to the Court.
(3) Where it is established by the findings of the auditor that there has been an irregularity or impropriety by the Labuan trust company, the Court may make such order as it thinks fit.
(4) For the purposes of this section, an auditor shall not include any internal auditor of the Labuan trust company.
Malay text (authoritative)
Pemeriksaan buku dan akaun syarikat amanah Labuan
(1) Mana-mana orang yang—
(a) memuaskan hati Mahkamah bahawa dia mempunyai kepentingan di bawah apa-apa amanah yang pada masa ini berada di bawah kawalan atau pengurusan suatu syarikat amanah Labuan; dan
(b) membantah terhadap sesuatu tindakan atau keputusan syarikat amanah Labuan itu berdasarkan apa-apa ketidakteraturan atau kelakuan salah syarikat amanah Labuan itu semasa melakukan tindakan itu atau membuat keputusan itu,
boleh memohon kepada Mahkamah supaya apa-apa catatan dalam buku dan akaun syarikat amanah Labuan itu yang berhubungan dengan tindakan atau keputusan itu diperiksa.
(2) J i k a M a h k a m a h m e n e r i m a s u a t u p e r m o h o n a n di bawah subseksyen (1), Mahkamah boleh melantik seorang juruaudit untuk memeriksa catatan dalam buku dan akaun syarikat amanah Labuan itu dan juruaudit itu hendaklah melaporkan dapatannya kepada Mahkamah.
(3) Jika dibuktikan melalui dapatan juruaudit itu bahawa telah berlaku ketidakteraturan atau kelakuan salah oleh syarikat amanah Labuan itu, Mahkamah boleh membuat apa-apa perintah yang difikirkannya patut.
(4) Bagi maksud seksyen ini, juruaudit tidak termasuk manamana juruaudit dalaman syarikat amanah Labuan itu.
Read this section in the full act → · Open Division 5 →
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).
