[Pt. II, S. 5-7] Holding out as a
Where any person holds himself out to be a registered registered takaful operator in respect of family solioperator. darity business or general business or both where he is not registered under this Act in respect of that business, that person shall be guilty of an offence and shall, on conviction, be liable to a fine of twenty thousand ringgit or to imprisonment for a term of twelve months or to both, and to a daily fine of not exceeding four thousand ringgit. Use of word "takaful".
(1) No person other than an operator registered under this Act shall, without the written consent of the Director General, use the word "takaful" or any of its derivatives in any language, or any other word indicating that such person carries on takaful business in the name, description or title under which it carries on business in Malaysia or make any representation to such effect in any bill head, letter paper, notice or advertisement or in any other manner: Provided that nothing in this section shall prohibit a takaful association from using the word "takaful" or any of its derivatives in any : language as part of its name or description of its activities.
(2) Any person who contravenes the provision of subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine of four thousand ringgit or to imprisonment for a term of six months or to both and to a daily fine of not exceeding four hundred ringgit. Examination 7. (1) Where the Director General has reason to susof persons suspected of carrying business without having been registered under this Act. on takaful business. cot a пepot he boky, дocatь a records of that person in order to ascertain whether or not that person has contravened or is contravening any provisions of this Act.
(2) Any person who wilfully refuses to submit the books, accounts and records or to allow the inspection thereof shall be guilty of an offence and shall, on conviction, be liable to a fine of twenty thousand ringgit or to imprisonment for a term of twelve months or to hott and to a daily fine of not exceeding four thousand
