Section 137. Substantial shareholder to notify company of his interests

(1) A substantial shareholder in a company shall give notice in writing to the company if he has any interest related to any particular shares.

(2) The notice shall—

(a) contain the name, nationality, address and full particulars of the voting shares in which the substantial shareholder has an interest; and

(b) include, unless the interest cannot be related to a particular shares—

(i) the name of the person who is registered as the shareholder; and

(ii) the full particulars and the circumstances by reason of which the substantial shareholder has the interest.

(3) The substantial shareholder shall give the notice referred to in subsection (1) to the company—

(a) in the case of a company whose shares are quoted on a stock exchange, within three days after the person becomes a substantial shareholder; or

(b) in any other case, within five days after the person becomes a substantial shareholder.

(4) The notice shall be given notwithstanding that the person has ceased to be a substantial shareholder before the expiration of the period referred to in subsection (3).

(5) Any person who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding one million 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.