Some Recent Developments In The Law Of Banking In Malaysia

Authors

  • Sharifah Suhanah

Keywords:

Section 24A Banking Act 1973, Banking Act 1973, Banking (Amendment) Bill 1983, Banking (Amendment) Act 1983, Section 24A, Section 26A, Section 26A Banking Act 1973

Abstract

The Central Bank of Malaysia and Banking (Amendment) Act, 1983 introduced a new Section 26A into the Banking Act, 1973. Ever since its introduction into the Banking Act, Section 26A has been the subject of much criticism by bankers and other members of the public alike for its inherent "harshness". It is a small wonder that the section had to be amended so soon after its birth. 

Thus, on October 10, 1983, the Dewan Rakyat passed the Banking (Amendment) Bill, 1983, whihc sought to amend the Banking Act, 1973 by introducing a new section 24A to discuss the amendment to Section 26A. 

In this paper, it is sought to discuss the amendment to Section 26A. Before that amendment is discussed, it is pertinent to perhaps that a few words be said about the new arrival into the Banking Act, 1973 - Section 24A. 

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Published

2019-01-12

How to Cite

Suhanah, S. (2019). Some Recent Developments In The Law Of Banking In Malaysia. Journal of Malaysian and Comparative Law, 10(1 and 2), 217–224. Retrieved from https://fiqh.um.edu.my/index.php/JMCL/article/view/15908