Section 37. Maintenance of capital funds. (BANKING AND FINANCIAL INSTITUTIONS ACT 1989

ACT 372
BANKING AND FINANCIAL INSTITUTIONS ACT 1989

PART VII - FINANCIAL REQUIREMENTS AND DUTIES OF LICENSED INSTITUTIONS

Section 37. Maintenance of capital funds.

[Am. Act A954:s.18]

(1) The Bank may specify that a licensed institution shall maintain, at all times, capital funds unimpaired by losses, in such ratio to all or any assets or to all or any liabilities, or to both such assets or liabilities, of the institution and all its offices in and outside Malaysia as may be set out in the specification.

[Subs. Act A954:s.18]

(2) Where any licensed institution referred to in subsection (1) is a corporation within a group of corporations which are related, the accounts of the licensed institution shall not for the purpose of this section be on a consolidated basis unless the Bank otherwise specifies.