Section 29
Section 29
(a) In any case where, under section 39 or 42 of the Companies Act 1965, it is unlawful to issue, circulate or distribute a prospectus relating to a company without a copy of it being first delivered for registration under that Act, it shall also be unlawful, in the case of a company registered or intended to be registered as an operator under this Act, to do so without the prospectus having been sanctioned by the Director General; and any person knowingly responsible for the issue, circulation or distribution of a prospectus in contravention of this subsection shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit.
(b)
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(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.