Section 584. Furnishing of information and particulars of shareholding

(1) The Registrar may at any time by notice in writing require any company, person or individual to furnish all the necessary information and particulars of any share acquired or held directly or indirectly either for his own benefit or for any other company, person or individual and have the information and particulars verified by statutory declaration.

(2) Any company, person or individual served with the notice under subsection (1) shall furnish the Registrar all the necessary information and particulars of any share acquired or held and duly verified by statutory declaration within seven days of the receipt of such notice.

(3) A company and every officer who contravene this section commit 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 of ten thousand ringgit for each day during which the offence continues after conviction.

(4) Any person or individual who contravenes this section commits an offence and shall, on conviction, be liable to imprisonment for a term not exceeding ten years or to a fine not exceeding three million ringgit or to both and in the case of a continuing offence, to a further fine of ten thousand ringgit for each day during which the offence continues after conviction.