s 41 Requirement to register prospectuses in relation to securities
(1) A person shall not issue, offer for subscription or purchase, or make an invitation to subscribe for or purchase, any securities unless— (a) a prospectus in relation to the securities has been registered by the Commission under section 42; and (b) the prospectus complies with the requirements or provisions of this Act. (2) Unless authorized in writing by the Commission, a person shall not issue, circulate or distribute any form of application for securities unless the form is accompanied by a copy of a prospectus which has been registered by the Commission under section 42. (3) A person shall not issue, circulate or distribute any form of application for securities of a corporation that has not been formed or of a unit trust scheme or prescribed investment scheme that has not been formed. (4) A person who contravenes subsection (1), (2) or (3) shall be guilty of an offence and shall on conviction be punished with a fine not exceeding ten million ringgit or imprisonment for a term not exceeding ten years or both.