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← Labuan Islamic Financial Services and Securities Act 2010

Labuan Islamic Financial Services and Securities Act 2010 s 149

Labuan Islamic Financial Services and Securities Act 2010 s 149

s 149 Offence by body corporate

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, manager, secretary or other similar officer or was purporting to act in any such capacityβ€” (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 provesβ€” (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-peraturan yang dibuat di bawah Akta ini, mana-mana orang yang, pada semasa berlakunya kesalahan itu ialah pengarah, pengurus, setiausaha atau pegawai seumpamanya yang lain atau yang berupa sebagai bertindak atas apa-apa sifat sedemikianβ€” (a) boleh didakwa secara berasingan atau bersesama dalam prosiding yang sama dengan pertubuhan perbadanan itu; dan (b) jika pertubuhan perbadanan itu didapati melakukan kesalahan itu, hendaklah disifatkan telah melakukan kesalahan itu melainkan jika, setelah memberi perhatian kepada jenis fungsinya atas sifat itu dan segala hal keadaan, dia membuktikanβ€” (i) bahawa kesalahan itu telah dilakukan tanpa pengetahuan, keizinan 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 β†’ Β· Open Part XII β†’

Find Act 705 on lom.agc.gov.my β†—

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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