19. Power to issue debentures

Terms defined in this Act

• debenture

  debenture

  Defined · s 2

  “debenture” includes debenture stocks, bonds, notes and any other evidence of indebtedness of a corporation for borrowed monies, whether or not constituting a charge on the assets of the corporation, but shall not be construed as applying to any of the following: (a) any instrument acknowledging or creating indebtedness for, or for money borrowed to defray the consideration payable under, a contract for sale or supply of goods, property or services or any contract of hire in the ordinary course of business; (b) a cheque, banker’s draft or any other bill of exchange or a letter of credit; (c) a banknote, guarantee or an insurance policy; (d) a statement, passbook or other document showing any balance in a current, deposit or savings account; (e) any agreement for a loan where the lender and borrower are signatories to the agreement and where the lending of money is in the ordinary course of business of the lender, and any promissory note issued under the terms of such an agreement; (f) any instrument or product or class of instruments or products as the Authority may prescribe;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• Labuan company

  Labuan company

  Defined · s 2

  “Labuan company” has the meaning assigned to it in the Labuan Companies Act 1990;

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• Minister

  Minister

  Defined · s 2

  “Minister” means the Minister charged with the responsibility for finance;

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• regulations

  regulations

  Defined · s 2

  “regulations” means regulations made under this Act;

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• securities

  securities

  Defined · s 2

  “securities” means any investments commonly known or capable of being described as securities, and includes— (a) shares, debentures, funds, units, interests in a limited partnership or limited liability partnership or unit trust or foundation or protected cell company or corporation; (b) debentures, bonds or notes of or issued by any body (incorporated or unincorporated), government, local government or public authority; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…

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• shares

  shares

  Defined · s 27

  “shares” means one or more of the shares in the share capital of a mutual fund company including, in the case of a company limited by guarantee, the interest of a member of such company and includes an interest in a mutual fund partnership and a unit in a mutual fund unit trust. Subdivision 1 PRIVATE FUNDS Notification by private funds

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