ACT 125

COMPANIES ACT 1965 (REVISED - 1973)

PART XI - VARIOUS TYPES OF COMPANIES, ETC.

DIVISION 1 - FOREIGN COMPANIES

Section 336A. Accounts to be kept by foreign companies.

(1) Every foreign company and the directors and managers thereof shall cause to be kept such accounting and other records in Malaysia as will sufficiently explain the transactions and financial position of the foreign company (arising out of its operations in Malaysia) and shall cause those records to be kept in such a manner as to enable them to be conveniently and properly audited. (1A) The records referred to in subsection (1) shall be audited by a person approved under section 8. (2) Every foreign company and the directors and managers thereof shall cause appropriate entries to be made in the accounting and other records within sixty days of the completion of the transactions to which they relate. (3) Subsections 167(2), (3), (6) and (7) shall apply to foreign companies as if for references to "company" there were substituted references to "foreign company" .