Unclaimed Money Act Malaysia Pdf

6 laws of malaysia act 100.

Unclaimed money act malaysia pdf. Enacted by the parliament of malaysia as follows. A member of the fund who before 1 august 1995 has made a withdrawal of all sums of money standing to his credit in the fund on the grounds that he is about to leave malaysia with no intention of returning to malaysia or with the intention of residing in the republic of singapore shall be treated as an employee under this act if he has given to the board and his employer a notice in such. 2 this act comes into operation on a date to be appointed by the minister by notification in the gazette. Short title and application 2.

Unclaimed money to be paid into court 37. Saving part i moneys in court 5. Maintain a record of all unclaimed moneys in a register to be kept at its principal office or place of business in malaysia in the form to be determined by the registrar. Provision for payment into consolidated revenue account in certain cases of unclaimed money in court 6.

Akta wang tak dituntut 1965 such sums of money will be transferred to the registrar of unclaimed moneys. As of october 31 2019 the total unclaimed monies amounted to almost rm7 billion with the department promising to have a portal set up for people to find out if any of the money rightfully belongs to them. Peninsular malaysia 28 september 1949 ord. Section 14 of the unclaimed moneys act 1965 provides that any party with money other than the wtd in the hand of which has not been claimed by the proprietor may surrender the sum to the registrar as if the moneys were moneys payable even though he was not obliged to do so in the act.

Under the unclaimed moneys act 1965 malay. Sabah sarawak 1 january 1973. 1 this act may be cited as the unclaimed moneys amendment act 2002. According to section 10 unclaimed moneys act 1965 company firm is responsible for the following actions.

About unclaimed money 1. Unclaimed moneys 3 laws of malaysia act 370 unclaimed money act 1965 arrangement of sections section 1. Short title and commencement 1. Laws of malaysia act 758 financial services act 2013 date of royal assent 18 mar 2013 date of publication in the gazette 22 mar 2013 an act to provide for the regulation and supervision of financial institutions payment systems and other relevant entities and the oversight of the money market and foreign exchange market to.

Our colleagues over at soyacincau bm recently discovered that the egumis portal is now functional and you can check your unclaimed monies status online. An act to amend the unclaimed moneys act 1965.