Malaysia Deposit Insurance Corporation Act 2011 s 62
s 62 Calculation of return or interest on deposit for discretionary payment
For the purpose of calculating the payment of the Corporation in respect of any deposit insured by the Corporation where the Corporation makes a discretionary payment—
(a) subject to paragraph (b), the return or interest accrued in relation to the deposit shall be included only to the date of the payment by the Corporation; or
(b) if a proceeding for the winding up of a deposit-taking member that holds the deposit has been commenced before the date of the payment by the Corporation but a winding up order has not yet been made, the 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 budi bicara
Bagi maksud mengira bayaran oleh Perbadanan berkenaan dengan mana-mana deposit yang diinsuranskan oleh Perbadanan jika Perbadanan membuat suatu bayaran budi bicara—
(a) tertakluk pada perenggan (b), pulangan atau bunga yang terakru berhubung dengan deposit itu hendaklah dimasukkan hanya sehingga tarikh bayaran oleh Perbadanan; atau
(b) jika suatu prosiding bagi penggulungan anggota penerima deposit yang memegang deposit itu telah dimulakan sebelum tarikh bayaran oleh Perbadanan tetapi suatu perintah penggulungan belum lagi dibuat, pulangan atau bunga yang terakru berhubung dengan deposit itu hendaklah dimasukkan hanya sehingga tarikh pemfailan petisyen penggulungan.
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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).
