The Development Financial Institutions Act 2002 (Malay: Akta Institusi Kewangan Pembangunan 2002), is a Malaysian law which enacted to make provisions for the regulation and supervision of development financial institutions and for matters connected therewith.
| Development Financial Institutions Act 2002 | |
|---|---|
 | |
| Parliament of Malaysia | |
| |
| Citation | Act 618 |
| Territorial extent | Throughout Malaysia |
| Passed by | Dewan Rakyat |
| Passed | 11 December 2001 |
| Passed by | Dewan Negara |
| Passed | 13 December 2001 |
| Royal assent | 29 January 2002 |
| Commenced | 7 February 2002 |
| Effective | [15 February 2002, P.U. (B) 51/2002] |
| Legislative history | |
| First chamber: Dewan Rakyat | |
| Bill title | Development Financial Institutions Bill 2001 |
| Bill citation | D.R. 48/2001 |
| Introduced by | Shafie Salleh, Deputy Minister of Finance |
| First reading | 3 December 2001 |
| Second reading | 11 December 2001 |
| Third reading | 11 December 2001 |
| Second chamber: Dewan Negara | |
| Bill title | Development Financial Institutions Bill 2001 |
| Bill citation | D.R. 48/2001 |
| Member(s) in charge | Shafie Salleh, Deputy Minister of Finance |
| First reading | 12 December 2001 |
| Second reading | 13 December 2001 |
| Third reading | 13 December 2001 |
| Amended by | |
| Development Financial Institutions (Amendment of Schedule) Order 2007 [P.U. (A) 285/2007] | |
| Related legislation | |
| Banking and Financial Institutions Act 1989 [Act 372] Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 [Act 202] Companies Act 1965 [Act 125] Co-operative Societies Act 1993 [Act 502] | |
| Status: In force | |
Structure
editThe Development Financial Institutions Act 2002, in its current form (1 October 2008), consists of nine Parts containing 130 sections and one schedule (including one amendment).
- Part I: Preliminary
- Part II: Management, Ownership and Control
- Part III: Restrictions on Business
- Part IV: Obligations and Sourcing of Funds
- Part V: Dealings with Government Funds
- Part VI: Control of Defaulter
- Part VII: Auditor and Accounts
- Part VIII: Examination and Investigation
- Part IX: Miscellaneous
- Schedule
References
editExternal links
edit- Development Financial Institutions Act 2002 Archived 2016-09-22 at the Wayback Machine
This article incorporates text from this source, which is in the public domain.
