Malaysia Deposit Insurance Corporation Act 2011 s 60
s 60 Calculation of return or interest on deposit for obligatory payment
For the purpose of calculating the obligatory payment of the Corporation in respect of any deposit insured by the Corporation where a winding up order has been made in respect of a deposit-taking member that holds the deposit, a former deposit-taking member as referred to in paragraph 40(1)(b) or any person to whom the deposit liability has been transferred under subsection 44(1), the principal, including return or interest accrued in relation to the deposit shall be included only to the date of the filing of the petition for the winding up.
Malay text (authoritative)
Pengiraan pulangan atau bunga atas deposit bagi bayaran wajib
Bagi maksud mengira bayaran wajib oleh Perbadanan berkenaan dengan mana-mana deposit yang diinsuranskan oleh Perbadanan jika suatu perintah penggulungan telah dibuat berkenaan dengan anggota penerima deposit yang memegang deposit itu, bekas anggota penerima deposit sebagaimana yang disebut dalam perenggan 40(1)(b) atau mana-mana orang yang kepadanya liabiliti deposit telah dipindahkan di bawah subseksyen 44(1), wang pokok, termasuk pulangan atau bunga yang terakru berhubung dengan deposit itu hendaklah dimasukkan hanya sehingga tarikh pemfailan petisyen penggulungan itu.
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Find Act 720 on lom.agc.gov.my ↗
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).
