Insolvency Act 1967 Malaysia Pdf

Amendment of section 2 6.

Insolvency act 1967 malaysia pdf. Insolvency act 1967 act 360 table of contents. 30 september 1967 be it enacted by the seri paduka baginda yang di pertuan agong with the advice and consent of the dewan negara and dewan rakyat in parliament assembled and by the authority of the same as follows. As highlighted in our previous november 2016 client alert the bill will rename. Key amendments include the following minimum threshold for bankruptcy proceedings increased.

Changes introduced by insolvency bill increasing minimum debt threshold clause 2 a of the insolvency bill seeks to amend the insolvency act 1967 act by increasing the minimum debt threshold for the presentation of a bankruptcy petition from rm50 000 to rm100 000. 1988 act 360 w e f. 30 september 1967 be it enacted by the seri paduka baginda yang di pertuan agong with the advice and consent of the dewan negara and. Insolvency act ia 1986 were enacted.

31 december 1988 malaysia act 360 long title long title an act relating to the law of bankruptcy. 31 december 1988 malaysia act 360 preamble 1. All references to the bankruptcy act 1967 in any written law or document shall when this act comes into operation be construed as references to the insolvency act 1967. Malaysia new insolvency act 1967.

11 of 167 documents statutes of malaysia this document is current through november 30 2003 bankruptcy act 1967 revised. Part viii cite supplemental provisions application of act. The new act will bring about significant changes to the law and along with these possible uncertain ramifications. Bankruptcy act 1967 revised.

Section 2 of the principal act is amended a in the definition of available act of bankruptcy by. Preliminary short title and application 1. Laws of malaysia act 360 bankruptcy act 1967 an act relating to the law of bankruptcy. The bankruptcy amendment bill 2016 has finally come into force in malaysia on 6 october 2017 renaming the existing bankruptcy act 1967 to the insolvency act 1967.

Download full text pdf read full text. Reference to bankruptcy act 1967 5. Malaysia section 5 of bankruptcy act 1967 provides the minimum sum of a. 1988 act 360 w e f.

Insolvency 13 laws of malaysia act 360 insolvency act 1967 an act relating to the insolvency and bankruptcy of an individual and a firm and for connected matters.