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Article: Civil suit avenue for investors can be a menace to business
- Article from:
- New Straits Times
- Article date:
- May 1, 2000
- Author:
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Zainul Arifin
New Straits Times
05-01-2000
Civil suit avenue for investors can be a menace to business
Byline: Zainul Arifin
Edition: Main/Lifestyle; 2*
Section: Business
Column: Talking point
NEARLY two weeks ago, without much fanfare the Dewan Rakyat passed the amendment to the Securities Commission Act 1993, which in a nutshell concentrates much regulatory powers on the Securities Commission and up the ante as far as punishment is concerned against transgressors.
It is rather unfortunate that the Lower House took too little time to dwell on such an important subject.
It suggested many things, among them, that the amendment is so well written and researched that kudos should be directed to ...