Section 15

Terms defined in s 2

• advertisement

  advertisement

  Defined · s 2

  "advertisement" means the disseminating or conveying of information, invitation or solicitation by any means or in any form, including by means of— (a) publication in a newspaper, magazine, journal or other periodical; (b) display of posters or notices; (c) circulars, handbills, brochures, pamphlets, books or other documents; (d) letters addressed to individuals or bodies; (e) photographs or cinematograph films; and (f) sound broadcasting, television or other electronic media;

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• Bank

  Bank

  Defined · s 2

  "Bank" means the Central Bank of Malaysia established by the Ordinance;

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• banking business

  banking business

  Defined · s 2

  "banking business" means— (a) the business of— (i) receiving deposits on current account deposit account, savings account or other similar account; (ii) paying or collecting cheques drawn by or paid in by customers; and (iii) provision of finance; or (b) such other business as the Bank, with the approval of the Minister, may prescribe;

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• company

  company

  Defined · s 2

  "company" has the meaning assigned thereto by the Companies Act 1965;

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• deposit

  deposit

  Defined · s 2

  "deposit" means a sum of money received or paid on terms— (a) under which it will be repaid, with or without interest or at a premium or discount; or (b) under which it is repayable, either wholly or in part, with any consideration in money or money's worth, and such repayment being either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it, regardless whether the transaction is described as a loan, an advance, an investment, a saving, a sale or a sale and repurchase, but does not include money paid bona fide- (A) by way of an advance or a part payment under a contract for the sale, hire or other provision of property or services, and is repayable only in the event that the property or services is not or are not in fact sold, hired or otherwise provided; (B) by way of security for the performance of a contract or by way of security in respect of any loss which may result from the non-performance of a contract; (C) without prejudice to paragraph (B), by way of security for the delivery up or return of any property, whether in a particular state of repair or otherwise; and (D) in such other circumstances, or to or by such other person, as specified in the First Schedule;

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• discount house

  discount house

  Defined · s 2

  "discount house" means a person which carries on discount house business;

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• finance company

  finance company

  Defined · s 2

  "finance company" means a person which carries on finance company business;

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• licence

  licence

  Defined · s 2

  "licence" means a licence granted or deemed to be granted under section 6 (4);

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• licensed institution

  licensed institution

  Defined · s 2

  "licensed institution" means any institution licensed or deemed to be licensed under section 6 (4);

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• merchant bank

  merchant bank

  Defined · s 2

  "merchant bank" means a person which carries on merchant banking business;

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• Minister

  Minister

  Defined · s 2

  "Minister" means the Minister for the time being charged with the responsibility for finance;

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• money-broker

  money-broker

  Defined · s 2

  "money-broker" means a person which carries on money-broking business;

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• person

  person

  Defined · s 2

  "person" includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;

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