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s 40 Exceptions
(1) The provisions of this Division as specified in Schedule 2 or 3 or as may be so prescribed by the Minister pursuant to paragraph 38(1)(b) or 39(1)(b) shall not apply to—
(a) an excluded offer;
(b) an excluded invitation; or
(c) an excluded issue.
(2) The provisions of this Part shall not apply to the making available of, the offer for subscription or purchase of, or an invitation to subscribe for or purchase, shares or debentures by any unlisted recreational club.
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).
