Interest Schemes Act 2016 s 6
s 6 Registration of premium scheme
(1) An application for the registration of a premium scheme may be made by a management company provided that the management company—
(a) is a public company limited by shares incorporated under the Companies Act 2016 or corresponding previous written law;
(b) specifies in its constitution that the management of interest scheme is one of its main objects; and
(c) meets the minimum amount of paid up capital as determined by the Commission.
(2) The Registrar shall have the power to impose any other conditions as he thinks fit for the purpose of registration of the premium scheme.
Malay text (authoritative)
Pendaftaran skim premium
(1) Suatu permohonan untuk pendaftaran skim premium boleh dibuat oleh suatu syarikat pengurusan dengan syarat bahawa syarikat pengurusan itu—
(a) ialah suatu syarikat awam berhad menurut syer yang diperbadankan di bawah Akta Syarikat 2016 atau undangundang bertulis terdahulu yang bersamaan;
(b) menyatakan dalam perlembagaannya bahawa pengurusan skim kepentingan adalah salah satu daripada objektif utamanya; dan
(c) memenuhi jumlah minimum modal berbayar sebagaimana yang ditentukan oleh Suruhanjaya.
(2) Pendaftar hendaklah mempunyai kuasa untuk mengenakan apa-apa syarat lain yang difikirkannya patut bagi maksud pendaftaran skim premium.
Read this section in the full act → · Open Part II →
Find Act 778 on lom.agc.gov.my ↗
Text as at 1 March 2018 (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).
