Is PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) still in force?

Yes — PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) is currently in force.

When did PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) take effect?

PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) was first recorded in 2023.

Where can I read the official version of PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2)?

The official text of PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) is published at lom.agc.gov.my.

/akn/my/act/pub/2023/60

PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2)

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Type: P.U. (B)
Status: In force
Enacted: 2023

Quick answer

About this p.u. (b)

PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) is Malaysia P.U. (B), cited as P.U. (B) 60 2023, currently marked in force and first recorded in 2023.

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh subseksyen 2A(2) Akta Pemberi Pinjam Wang 1951 [Akta 400], Menteri mengecualikan syarikat yang dinamakan dalam Jadual daripada kuat kuasa seksyen 16 Akta bagi tempoh lima belas tahun berkuat kuasa mulai tarikh penyiaran pemberitahuan ini dalam Warta dengan syarat bahawa—

(a)

pengecualian ini terpakai bagi transaksi pemberian pinjaman wang secara dalam talian;

(b)

pengecualian ini tidak terpakai jika lesen pemegang lesen itu terbatal atau tamat tempoh;

(c)

suatu salinan perjanjian pemberian pinjaman wang yang tidak disetemkan yang telah ditandatangani dengan sewajarnya oleh semua pihak kepada perjanjian itu hendaklah diserahkan kepada peminjam dengan cara elektronik sebelum wang dipinjamkan; dan

(d)

suatu salinan perjanjian pemberian pinjaman wang yang telah disetemkan yang telah ditandatangani dengan sewajarnya oleh semua pihak kepada perjanjian itu hendaklah diserahkan kepada peminjam dengan cara elektronik dalam tempoh tiga puluh hari selepas tarikh perjanjian itu ditandatangani.

MONEYLENDERS ACT 1951

EXEMPTION UNDER SUBSECTION 2A(2)

Opening note

Preamble

IN exercise of the powers conferred by subsection 2A(2) of the Moneylenders Act 1951 [Act 400], the Minister exempts the companies named in the Schedule from the operation of section 16 of the Act for a period of fifteen years with effect from the date of publication of this notification in the Gazette provided that—

(a)

this exemption is only applicable to online moneylending transactions;

(b)

this exemption is not applicable if the licensee’s license is revoked or expired;

(c)

an unstamped copy of the moneylending agreement duly signed by all the parties to the agreement shall be delivered to the borrower by electronic means before the money is lent; and

(d)

a stamped copy of the moneylending agreement duly signed by all the parties to the agreement shall be delivered to the borrower by electronic means within a period of thirty days after the date of signing of the agreement.

JADUAL/SCHEDULE

Orpheus Capital Sdn. Bhd.

IWC Performance Sdn. Bhd.

Evo Capital Solutions Sdn. Bhd.

Alibaba Pay Sdn. Bhd.

MAA Credit Berhad

Copper Coin Enterprise

Red One Network Sdn. Bhd.

KAF Capital Sdn. Bhd.

YX Bullion Sdn. Bhd.

Infinitec Finsource Sdn. Bhd.

PC3 Technology Sdn. Bhd.

Citaglobal Capital Sdn. Bhd.

Kekal Impian Sdn. Bhd.

Kekal Tinggi Capital Sdn. Bhd.

Fintani Services Sdn. Bhd.

Revenue Harvest Sdn. Bhd.

Handal Indah Sdn. Bhd.

Handal Capital Sdn. Bhd.

Bertarikh 14 Februari 2023

Dated 14 February 2023

[KPKT.100-1/11/2( ); PN(PU2)154/Jld. XIX]

NGA KOR MING

Menteri Pembangunan Kerajaan Tempatan/

Minister of Local Government Development

Common questions

What is PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2)?: PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) is Malaysia P.U. (B), cited as P.U. (B) 60 2023, currently marked in force and first recorded in 2023.
Is PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) still in force?: Yes — PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) is currently in force.
When did PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) take effect?: PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) was first recorded in 2023.
Where can I read the official version of PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2)?: The official text of PENGECUALIAN DI BAWAH SUBSEKSYEN 2A(2) is published at lom.agc.gov.my.