Stamp Act 1949 · Updated to 1 Jan 2026 · Part IX · Offences and Penalties
64. Penalty for failure to execute and transmit contract note
Feedback & supportAny person who, being required under section 32A to make and execute a contract note and transmit the note as so required, refuses or neglects to make and execute the contract note or to so transmit the note shall be liable to a fine *of not less than one thousand ringgit and not exceeding ten thousand ringgit.
contract note
“contract note” means the note sent by a dealer or agent to his principal, or by any person who by way of business deals, or holds himself out as dealing, as a principal in any stock or marketable Stamp 13 securities, advising the principal, or the vendor or purchaser, as the case may be, of the sale or purchase of any stock or marketable security, but does not include a note sent by a dealer or agent to his principal where the principal is himself acting as dealer or agent for a principal and is himself a person who bona fide carries on the business of a dealer in Malaysia;