Section 8
Registration of foreign scheme
An application for the registration of a foreign scheme may be made by a foreign company registered under Division 1 of Part V of the Companies Act 2016 provided that the foreign company—
(a)
is a public company limited by shares at its country of origin;
(b)
specifies in its constitution that the management of the interest scheme is one of its main objects;
(c)
meets the minimum amount of paid up capital as determined by the Commission; and
(d)
has been given the recognition or power to offer or proposed to offer interests to the public at its country of origin by the authority responsible for regulating schemes relating to interests.
18 Laws of Malaysia ACT 778
(2)
The Registrar shall have the power to impose any other conditions as he thinks fit for the purpose of registration of the foreign scheme.