Section 14
Power to refuse registration
ActIn forceProvision 14 of 92
Section 14
The Registrar shall refuse to register the application of a proposed scheme if he is satisfied that—
24 Laws of Malaysia ACT 778
(a)
the proposed scheme is likely to be used for unlawful purposes or for purposes prejudicial to public peace, welfare or good order in Malaysia; or
(b)
the registration of the proposed scheme would be contrary to the national security or interest.