The Principal Act is hereby amended by inserting after section 336 the following new 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 manner as to enable them to be conveniently and properly audited.
(2) Every foreign company and the directors and managers thereof shall cause appropriate entries to be made in such accounting and other records within sixty days of the completion of the transactions to which they relate.
(3) Sub-sections (2), (3), (5) and (6) of section 167 shall apply to foreign companies as if for references to 'company' there were substituted references to 'foreign company'.".