s 232 Copy of contracts to be available for inspection
(1) Subject to section 233, a public company shall keep and maintain a copy of every director’s service contract with the company or with its subsidiaries available for inspection.
(2) All the copies of contracts shall be kept available for inspection at the registered office of the company.
(3) The copies of contracts shall be made available for inspection for at least one year from the date of termination or expiry of the contract.
(4) The company shall give notice to the Registrar—
(a) of the place at which the copies of the contracts are kept available for inspection; and
(b) of any change in that place,
unless the copies of the contracts have at all times been kept at the registered office of the company.
(5) The company and every officer who contravene subsection (1),
(2) or (3) commit an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit.
(6) This section shall apply to a variation of a director’s service contract as is applicable to the original contract.
Malay text (authoritative)
Salinan kontrak hendaklah tersedia bagi pemeriksaan
(1) Tertakluk pada seksyen 233, suatu syarikat awam hendaklah menyimpan dan menyenggara suatu salinan tiap-tiap kontrak perkhidmatan pengarah dengan syarikat itu atau subsidiarinya supaya tersedia bagi pemeriksaan.
(2) Semua salinan kontrak itu hendaklah disimpan tersedia bagi pemeriksaan di pejabat berdaftar syarikat itu.
(3) Salinan kontrak itu hendaklah tersedia bagi pemeriksaan sekurang-kurangnya satu tahun dari tarikh penamatan atau habis tempoh kontrak itu.
(4) Syarikat itu hendaklah memberikan notis kepada Pendaftar—
(a) mengenai tempat di mana salinan kontrak itu disimpan tersedia bagi pemeriksaan; dan
(b) mengenai apa-apa pertukaran tempat itu,
melainkan jika salinan kontrak itu tersimpan pada setiap masa di pejabat berdaftar syarikat itu.
(5) Syarikat itu dan tiap-tiap pegawai yang melanggar subseksyen (1), (2) atau (3) melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi satu juta ringgit.
(6) Seksyen ini hendaklah terpakai bagi pengubahan tentang kontrak perkhidmatan pengarah sebagaimana yang ia terpakai bagi kontrak asalnya.
Text as at 1 August 2022 (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).
