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Section 6

Particulars to be shown on licences

of Moneylenders Act 1951

ActIn forceProvision 12 of 77
Section 6
(1)

Every licence granted to a licensee shall show his true name and the name under which, and the address at which, he is authorized

Moneylenders 17

by the licence to carry on business as such. A licence shall not authorize a licensee to carry on business at more than one address or under more than one name or under any name which includes the word “bank” or otherwise implies that he carries on the business of banking, and no licence shall authorize a licensee to carry on business under any name except—

(a)

his true name;

(b)

the name of a firm in which he is a partner; or

(c)

a business name, whether of an individual or of a firm in which he is a partner, under which he or the firm has been registered—

(i)

in the case of Peninsular Malaysia and the

Federal Territory of Labuan, under the

Registration of Businesses Act 1956 [Act 197];

(ii)

in the case of the State of Sabah, under the

Trade Licensing Ordinance [Sabah Cap. 144];

and

(iii)

in the case of the State of Sarawak, the

Businesses, Professions and Trade Licensing

Ordinance [Sarawak Cap. 33] and the Business

Names Ordinance [Sarawak Cap. 64]; and

(2)

Any licence taken out in a name other than the licensee’s true name shall be void.