Section 46
Exemption
ActIn forceProvision 81 of 85
Section 46
The following persons shall be exempted from the provisions of this Act—
(a)
any bank licensed to carry on banking business in Malaysia;
(b)
Bank Pertanian Malaysia established under the Bank
Pertanian Malaysia Act 1969 [Act 9]; and
(c)
any co-operative society registered under any written law in force in Malaysia relating to co-operative societies.