Malaysia legislation

Section 45

of PAWNBROKERS ACT 1972

Section 45

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;

(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 person 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 pawn-ticket to be used by the pawnbroker and other matters relating to such pawn-ticket;

(i)

the form to be used by the pawnbroker to forward the statement to the pawner under section 25.

(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 ten thousand ringgit or a term of imprisonment not exceeding six months or to both.

Pawnbrokers 51

Exemption