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← Moneylenders Act 1951

Moneylenders Act 1951 s 6

Moneylenders Act 1951 s 6

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 6 Particulars to be shown on licences

(1) Every licence granted to a moneylender shall show his true name and the name under which, and the address at which, he is authorized by the licence to carry on business as such. A licence shall not authorize a moneylender to carry on business at more than one address or under more than one name or under any name which includes the word “bank” or otherwise implies that he carries on the business of banking, and no licence shall authorize a moneylender to carry on business under any name except— (a) his true name; (b) the name of a firm in which he is a partner; or (c) a business name, whether of an individual or of a firm in which he is a partner, under which he or the firm has been registered under the Registration of Businesses Act 1956 [Act 197]. (2) Any licence taken out in a name other than the moneylender’s true name shall be void. *NOTE—For saving and transitional provisions of this section–see subsections 46(3) and (4) of Act A1193.

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Find Act 400 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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