Interest Schemes Act 2016 s 60
s 60 Records of resolutions and meetings, etc.
(1) Every management company shall keep records comprising minutes of all proceedings of annual meetings.
(2) The records shall be kept for at least seven years from the date of the meeting or decision.
(3) The management company and every officer who contravene this section commit an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit and in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.
Malay text (authoritative)
Rekod ketetapan dan mesyuarat, dsb.
(1) Tiap-tiap syarikat pengurusan hendaklah menyimpan rekod yang terdiri daripada minit semua prosiding mesyuarat tahunan.
(2) Rekod hendaklah disimpan selama sekurang-kurangnya tujuh tahun dari tarikh mesyuarat atau keputusan.
(3) Syarikat pengurusan dan tiap-tiap pegawai yang melanggar seksyen ini melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi sepuluh ribu ringgit dan dalam hal suatu kesalahan yang berterusan, didenda selanjutnya tidak melebihi lima ratus ringgit bagi setiap hari kesalahan itu berterusan selepas sabitan.
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Find Act 778 on lom.agc.gov.my ↗
Text as at 1 March 2018 (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).
