Malaysia legislation
Section 29H
Section 29H
Power to make regulations
(2)
Without prejudice to the generality of subsection (1), the
Minister may make regulations for or in respect of all or any of the following matters:
(a)
the procedure to be followed in making an application for a licence, including the forms to be used, conditions to be complied with, and documents and information to be furnished in respect of such an application;
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(b)
the matters to be considered in respect of the granting of a licence to a person;
(c)
the procedure regarding the surrender, suspension and revocation of licences;
(d)
the procedure for the issuance of copies of a licence, where the licence is lost or destroyed;
(e)
the offences which may be compounded and the procedure for compounding such offences;
(f)
the fees to be paid, the manner for the payment of fees and the persons liable to pay the fees, the exemption of any person or classes of persons from payment of such fees, or the reduction of such fees;
(g)
the form of register and other records to be kept and maintained by the Registrar, the procedure and other matters relating to the opening, maintenance and closure of the register, the inspection and taking of extracts from the register or records, the supply of copies of the register or records and the fees to be paid for such inspection, extracts and copies;
(h)
the form of moneylending agreements to be used by a licensee and a borrower and other matters relating to such agreements; or
(i)
the form of security for the repayment of a loan which shall not be demanded or accepted by the licensee;
(j)
the annual statement, in such form and containing such information, to be sent to the Registrar.
(3)
Any regulations made under this section may provide that any contravention of the provisions of such regulations shall be an offence and may provide for the imposition of a fine not exceeding
Moneylenders 65
ten thousand ringgit or a term of imprisonment not exceeding twelve months or to both.
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