Section 183. Obligation of guarantor corporation to furnish information

(1) For the purpose of the preparation of a report required by this Act to be signed by or on behalf of the directors of a borrowing corporation or any of the directors of a borrowing corporation, the corporation may, by notice in writing, require any of its guarantor corporations to furnish the corporation with any information relating to the guarantor corporation which is required to be contained in the report.

(2) The guarantor corporation shall furnish the information referred to in subsection (1) to the borrowing corporation not later than fourteen days from the date as specified in the notice.

(3) The corporation and every officer who contravene this section commit an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding one thousand ringgit for each day during which the offence continues after conviction.