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← Labuan Islamic Financial Services and Securities Act 2010

Labuan Islamic Financial Services and Securities Act 2010 s 39

Labuan Islamic Financial Services and Securities Act 2010 s 39

s 39 Registration procedure

(1) Where the Authority grants registration of an Islamic public fund under paragraph 38(1)(a), it shall— (a) register the Islamic public fund in the register maintained under Chapter 6 of this Part; and (b) issue a certificate of registration to the Islamic public fund. (2) Where the Authority grants a provisional acceptance under paragraph 38(1)(b), the promoter of the proposed Islamic public fund shall, before the expiry of the provisional acceptance period or renewed provisional acceptance period deliver to the Authority— (a) the provisional acceptance of the Authority; (b) proof satisfactory to the Authority that the proposed Islamic public fund is lawfully constituted in Labuan or any recognized country or jurisdiction; and (c) the information referred to in subsection 37(1). (3) If the Authority is satisfied that the proposed Islamic public fund referred to in subsection (2) has complied with the requirements of that subsection, it may grant registration to the Islamic public fund. (4) W h e r e t h e A u t h o r i t y g r a n t s r e g i s t r a t i o n u n d e r subsection (3), it shall register the Islamic public fund in the register maintained under Chapter 6 of this Part and issue a certificate of registration.

Malay text (authoritative)

Tatacara pendaftaran

(1) Jika Lembaga membenarkan pendaftaran sesuatu dana awam Islam di bawah perenggan 38(1)(a), Lembaga hendaklah— (a) mendaftarkan dana awam Islam itu dalam daftar yang disenggarakan di bawah Bab 6 Bahagian ini; dan (b) mengeluarkan suatu perakuan pendaftaran kepada dana awam Islam itu. (2) Jika Lembaga membenarkan penerimaan bersyarat di bawah perenggan 38(1)(b), penaja dana awam Islam yang dicadangkan itu hendaklah, sebelum habis tempoh penerimaan bersyarat itu atau tempoh penerimaan bersyarat yang diperbaharui itu menghantar kepada Lembaga— (a) penerimaan bersyarat daripada Lembaga; (b) bukti yang memuaskan hati Lembaga bahawa dana awam Islam yang dicadangkan itu telah ditubuhkan dengan sah di Labuan atau mana-mana negara atau bidang kuasa diiktiraf; dan (c) maklumat yang disebut dalam subseksyen 37(1). (3) Jika Lembaga berpuas hati bahawa dana awam Islam yang dicadangkan yang disebut dalam subseksyen (2) telah mematuhi kehendak subseksyen itu, Lembaga boleh membenarkan pendaftaran dana awam Islam itu. (4) Jika Lembaga membenarkan pendaftaran di bawah subseksyen (3), Lembaga hendaklah mendaftarkan dana awam Islam itu dalam daftar yang disenggarakan di bawah Bab 6 Bahagian ini dan mengeluarkan suatu perakuan pendaftaran.

Read this section in the full act → · Open Chapter 3 →

Find Act 705 on lom.agc.gov.my ↗

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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