47. Do political parties have to report regularly on their finances?




s14(1), Societies Act 1966


Section 14 of the Societies Act 1966 requires a political party to submit a yearly audited account within sixty days after the holding of its annual general meeting or, if no annual general meeting, within sixty days after the end of each calendar year.4 These include the accounts of the last financial year of the society, together with a balance sheet showing the financial position at the close of the last financial year of the society; the name and address of any society, association, trade union or any other body of persons, incorporated or unincorporated, outside Malaysia to which the society is in any way associated or affiliated; the description of any money or property, any pecuniary benefit or advantage received by the society from any person ordinarily resident outside Malaysia or an organization, authority, government, or agency of any government, outside Malaysia; and such other information as the Registrar may from time to time require.

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