Malaysia Deposit Insurance Corporation Act 2011 s 189
Malaysia Deposit Insurance Corporation Act 2011 s 189
s 189 Rejection or discontinuance of proposal
(1) Where the Corporation directs the conservator to abandon the proposal or otherwise discontinue the implementation of the proposal under section 188 or the proposal is not approved under
section 185 or 187, the Corporation may consider other options to deal with the management and disposal of the assets of the affected person and may—
(a) request the conservator to submit a new proposal;
(b) remove the moratorium imposed under section 179; or
(c) appoint a replacement conservator.
(2) Notwithstanding subsection (1), the Corporation may at any time terminate the appointment of a conservator and his administration if it is of the opinion that the continuation of the administration can no longer achieve the objects set out in subsection 161(1).
(3) Any decision of the Corporation under subsection (1) or (2) shall be final and binding.
Malay text (authoritative)
Penolakan atau pemberhentian cadangan
(1) Jika Perbadanan mengarahkan konservator untuk tidak meneruskan cadangan atau selainnya memberhentikan pelaksanaan cadangan di bawah seksyen 188 atau cadangan itu tidak diluluskan di bawah seksyen 185 atau 187, Perbadanan boleh menimbangkan opsyen lain untuk menguruskan pengurusan dan pelupusan aset orang terjejas dan boleh—
(a) meminta konservator untuk mengemukakan suatu cadangan baru;
(b) membatalkan moratorium yang dikenakan di bawah seksyen 179; atau
(c) melantik seorang konservator gantian.
(2) Walau apa pun subseksyen (1), Perbadanan boleh pada bila-bila masa menamatkan pelantikan seorang konservator dan pentadbirannya jika pada pendapatnya penerusan pentadbiran itu tidak akan lagi mencapai matlamat yang dinyatakan dalam subseksyen 161(1).
(3) Apa-apa keputusan Perbadanan di bawah subseksyen (1) atau (2) adalah muktamad dan mengikat.
Text as at 21 July 2023 (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).
