ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART VI - ACCOUNTS AND AUDIT
DIVISION 2 - AUDIT

 
Section 173. Auditors' remuneration.
 
Section 173. Auditors' remuneration. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) (1) If a company is served with a notice sent by or on behalf of—

    (a) at least five per centum of the total number of members of the company; or

    (b) the holders in aggregate of not less than five per centum in nominal value of the company's issued share capital,

requiring particulars of all emoluments paid to or receivable by the auditor of the company or any person who is a partner or employer or employee of the auditor, by or from the company or any subsidiary in respect of services other than auditing services rendered to the company, the company shall forthwith—

    (c) prepare or cause to be prepared a statement showing particulars of all emoluments paid to the auditor or other person and of the services in respect of which the payments have been made for the financial year immediately preceding the service of the notice;

    (d) forward a copy of the statement to all persons entitled to receive notice of general meetings of the company; and

    (e) lay the statement before the company in general meeting.

(2) If default is made in complying with this section the company and every director of the company who is in default shall be guilty of an offence against this Act.

Penalty: Two thousand five hundred ringgit.