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← Labuan Foundations Act 2010

Labuan Foundations Act 2010 s 48

Labuan Foundations Act 2010 s 48

s 48 Inspection and production of documents kept by Labuan foundation

(1) Documents required to be kept by a Labuan foundation under this Act shall, during business hours, be open for inspection by the founder, council member, supervisory person or officer, as the case may be, of that Labuan foundation without any charge. (2) Any person, other than a council member, supervisory person or officer of a Labuan foundation, who is entitled to inspect the books of minutes of council meetings shall be furnished, within seven days after he has made a request to the Labuan foundation, with a copy of any such minutes without any charge. (3) If there is a failure to comply with subsection (1) or to any request for any inspection under this section is refused, the Labuan foundation commits an offence and shall, upon conviction, be liable to a fine not exceeding ten thousand ringgit. (4) In the case of a continuing offence for an offence committed under subsection (3), in addition to the penalties under subsection (3), the Labuan foundation shall be liable to a fine not exceeding one thousand ringgit for each day or part of a day during which the offence continues after conviction. (5) In the case of such refusal as referred to in subsection (4), the Court may, by order, compel an immediate inspection of the documents.

Malay text (authoritative)

Pemeriksaan dan pengemukaan dokumen yang disimpan oleh yayasan Labuan

(1) Dokumen yang dikehendaki disimpan oleh sesuatu yayasan Labuan di bawah Akta ini hendaklah, semasa waktu urusan, tersedia untuk pemeriksaan oleh pengasas, anggota majlis, orang yang menyelia atau pegawai, mengikut mana-mana yang berkenaan, yayasan Labuan itu tanpa apa-apa bayaran. (2) Mana-mana orang, selain anggota majlis, orang yang menyelia atau pegawai suatu yayasan Labuan, yang berhak untuk memeriksa buku minit mesyuarat anggota majlis hendaklah, dalam tempoh tujuh hari selepas dia membuat permintaan kepada yayasan Labuan itu, dibekalkan dengan sesalinan mana-mana minit itu tanpa apa-apa bayaran. (3) Jika terdapat kegagalan untuk mematuhi subseksyen (1) atau apa-apa permintaan bagi apa-apa pemeriksaan di bawah seksyen ini ditolak, yayasan Labuan itu melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi sepuluh ribu ringgit. (4) Dalam hal kesalahan yang berterusan bagi kesalahan yang dilakukan di bawah subseksyen (3), sebagai tambahan kepada penalti di bawah subseksyen (3), yayasan Labuan itu boleh didenda tidak melebihi seribu ringgit bagi setiap hari atau sebahagian hari kesalahan itu berterusan selepas sabitan. (5) Dalam hal penolakan yang disebut dalam subseksyen (4), Mahkamah boleh, melalui perintah, memaksa bagi membolehkan pemeriksaan serta-merta dokumen itu.

Read this section in the full act → · Open Part V →

Find Act 706 on lom.agc.gov.my ↗

Text as at 1 August 2015 (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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