Finance Companies Act · s 27

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27.
Powers of Authority to issue orders after inspection
(1) If the Authority finds upon an inspection under section 26 that the affairs of a finance company is contrary to Hukum Syara ' in relation to
Islamic financing business are being conducted in a manner likely to be detrimental to the interests of the depositors or prejudicial to the interests of the finance company or contrary to Hz4kum S'ura' in relation to Islamic financing business, the Authority may by order require the finance company or contrary to Hukum Syara ' in relation to Islamic financing business to take such corrective action as the Authority considers to be necessary or require the finance company or contrary to Hukum Syara' in relation to Islamic financing business to discontinue such practices or procedures.
(2) No order shall be issued under subsection (1) unless the finance company has been given a reasonable opportunity to present its views to the
Authority.
(3) The Authority may, upon representation being made to him, or on his own motion, modify or cancel any order issued under subsection (I), and in so modifying or cancelling any order, may impose such conditions as he thinks fit.

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s 27Powers of Authority to issue orders after inspection

(1)

If the Authority finds upon an inspection under section 26 that the affairs of a finance company is contrary to Hukum Syara ' in relation to

Islamic financing business are being conducted in a manner likely to be detrimental to the interests of the depositors or prejudicial to the interests of the finance company or contrary to Hz4kum S'ura' in relation to Islamic financing business, the Authority may by order require the finance company or contrary to Hukum Syara ' in relation to Islamic financing business to take such corrective action as the Authority considers to be necessary or require the finance company or contrary to Hukum Syara' in relation to Islamic financing business to discontinue such practices or procedures.

(2)

No order shall be issued under subsection (1) unless the finance company has been given a reasonable opportunity to present its views to the

Authority.

(3)

The Authority may, upon representation being made to him, or on his own motion, modify or cancel any order issued under subsection (I), and in so modifying or cancelling any order, may impose such conditions as he thinks fit.