Section 71
No issue without approved deed
No person shall issue or offer to the public for subscription or purchase, or invite the public to subscribe for or purchase, any
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interest unless, at the time of the issue, offer or invitation, there is in force, in relation to the interest, a deed that is an approved deed.
(2)
A person shall not, in any deed, prospectus, statement, advertisement or other document relating to any interest, make any reference to an approval of a deed or of a trustee or representative granted under this Division.
(3)
If default is made in complying with this section, the person who is in default commits an offence under this Act.
Penalty: One million ringgit or imprisonment for a term not exceeding three years or both.