Section 389. Obligations of company and directors to provide information to receiver or receiver an~

(1) If a receiver or receiver and manager is appointed in respect of the property or undertaking of a company, the company and every director of the company shall—

(a) make available to the receiver or receiver and manager all books, documents and information relating to the property or undertaking in receivership in the company’s possession or under the company’s control within seven days after the receipt of notice under subsection 388(1);

(b) if required to do so by the receiver or receiver and manager, verify by way of an affidavit that the books, documents and information are complete and correct;

(c) give the receiver or receiver and manager such assistance as he may reasonably require; and

(d) if the company has a seal, make the seal available for use by the receiver or receiver and manager.

(2) Any person who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand ringgit, and in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.