Section 13F
Penalties for dealing in contravention of sections 13A, 13B, 13C and 13E
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(1)
Any instrument of agreement purporting to transfer or convey any right, interest or estate in land to or to vest or confer any such right, interest or estate on, any foreign person, foreign company, foreign corporation, or other foreign body referred to in section 13A, in contravention of the provisions of section 13A, 13B,
13C or 13E, shall be deemed to have been entered into for an illegal consideration and shall be void, and any consideration provided or furnished pursuant thereto shall not be recoverable in any court nor shall any relief be afforded to any person claiming that any such consideration promised has not been paid or furnished.
(2)
Where an instrument executed in contravention of section 13A, 13B, 13C or 13E has been registered under Part VII, the Registrar shall make an endorsement on the appropriate Register cancelling the registration thereof. Upon cancellation, any right, interest or estate acquired by virtue of the registration of that instrument shall cease forthwith.
(3)
The registered proprietor of any land and any person who is a party to any instrument or agreement of the nature referred to in subsection (1) shall be guilty of an offence, and, upon conviction, shall be liable to a fine of not exceeding fifty thousand ringgit and, in the case of a continuing offence, to a further penalty of five hundred ringgit per day for every day during which the offence continues.
[Added Cap. A50.]