Malaysia legislation

Section 29

of TAKAFUL ACT 1984

Section 29

(b)

L docume section

(b)

In this subsection, "prospectus" includes any documents to which the expression applies in the said section 39 or 42.

(2)

Where a notice, advertisement or other official publication of a company registered or intended to be registered as an operator under this Act, contains a statement of the company's authorized share capital, and does not state therewith how much of that capital has been subscribed and how much is paid up, the company shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding four thousand ringgit.