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Section 135. General duty to make disclosure.
(1) A director of a company shall give notice in writing to the company -

(a) of such particulars relating to shares, debentures, participatory interests, rights, options and contracts as are necessary for the purposes of compliance by the first-mentioned company with the provisions of section 134 ;

(b) of particulars of any change in respect of the particulars referred to in paragraph (a) of which notice has been given to the company including the consideration, if any, received as a result of the event giving rise to the change;

(c) of such events and matters affecting or relating to himself as are necessary for the purposes of compliance by the company with the requirements of this Act; and

(d) if he is a director of a public company or of a subsidiary of a public company of the date on which he attains or will attain the age of seventy.

Penalty: Imprisonment for three years or fifteen thousand ringgit.

(2) A person required to give notice under subsection (1) shall give the notice -

(a) in the case of a notice under paragraph (1)(a) of that subsection, within fourteen days after -

(i) the coming into operation of this section;

(ii) the date on which the director became a director; or

(iii) the date on which the director acquired an interest in the shares, debentures, participatory interests, rights, options or contracts;

(b) in the case of a notice under paragraph (1)(b), within fourteen days after the occurrence of the event giving rise to the change referred to in that paragraph; and

(c) in the case of a notice under paragraph (1)(d) of that subsection, within fourteen days after-

(i) the coming into operation of this section; or

(ii) the date on which the director became a director.

(2A) A person required to give notice under subsection (1) of any matters relating to shares or debentures which are listed on the official list of a Stock Exchange as defined in the Securities Industry Act 1983 shall, on the day on which he gives that notice, serve a copy of the notice on the Stock Exchange and the Stock Exchange may publish, in any manner as it may determine, any information contained in that notice.

Penalty: Ten thousand ringgit.
Default penalty: Five hundred ringgit.
[Am. Act A836: s.27]

(3) A company shall within seven days of receiving a notice given under subsection (1) send a copy of the notice to each of the other directors of the company.

Penalty: Ten thousand ringgit.
Default penalty: Five hundred ringgit.

(4) In this section a reference to a participatory interest is a reference to an interest within the meaning of section 84.

(5) In determining, for the purposes of this section, whether a person has an interest in a debenture or participatory interest the provisions of section 6A, save for subsections (1) and (3) of that section, have effect and in applying those provisions a reference to a share shall be read as a reference to a debenture or participatory interest.