SupremeToday Landscape Ad
Gazette Copy
AI highlight Precision Paragraph Copy AI Assistant AI Assistant Add to Editor Bookmak Share Document Go to Top Go to Bottom Zoom In Zoom Out Print Download PDF Court Copy Open In App

INTEREST SCHEMES ACT 2016

Read full Act
1 PART I PRELIMINARY-1. Short title and commencement.
2 PART I PRELIMINARY-2. Interpretation.
3 PART II REGISTRATION OF SCHEMES-3. Issuance and requirement for registration of schemes.
4 PART II REGISTRATION OF SCHEMES-4. Nature of schemes.
5 PART II REGISTRATION OF SCHEMES-5. Types of schemes that may be registered.
6 PART II REGISTRATION OF SCHEMES-6. Registration of premium scheme.
7 PART II REGISTRATION OF SCHEMES-7. Registration of small scheme.
8 PART II REGISTRATION OF SCHEMES-8. Registration of foreign scheme.
9 PART II REGISTRATION OF SCHEMES-9. Application for registration of a scheme.
10 PART II REGISTRATION OF SCHEMES-10. Certificate of authorization.
11 PART II REGISTRATION OF SCHEMES-11. Power of Registrar to suspend certificate of authorization.
12 PART II REGISTRATION OF SCHEMES-12. Revocation of certificate of authorization.
13 PART II REGISTRATION OF SCHEMES-13. Appeal to the Minister on revocation.
14 PART II REGISTRATION OF SCHEMES-14. Power to refuse registration.
15 PART II REGISTRATION OF SCHEMES-15. Provision applicable to foreign schemes on reciprocity arrangement.
16 PART II REGISTRATION OF SCHEMES-16. Conversion from small scheme to premium scheme.
17 PART II REGISTRATION OF SCHEMES-17. Registration of conversion.
18 PART II REGISTRATION OF SCHEMES-18. Effect of conversion.
19 PART III TRUST DEED, TRUSTEES AND PROSPECTUS Chapter 1 - Trust Deeds and Contractual Agreements-19. Approval of trust deed and contractual agreement.
20 PART III TRUST DEED, TRUSTEES AND PROSPECTUS Chapter 1 - Trust Deeds and Contractual Agreements-20. Contents of trust deed and contractual agreement.
21 PART III TRUST DEED, TRUSTEES AND PROSPECTUS Chapter 1 - Trust Deeds and Contractual Agreements-21. Amendment to trust deed and contractual agreement and void provisions.
22 Chapter 2 - Trustees-22. Appointment of trustees.
23 Chapter 2 - Trustees-23. Eligibility for appointment as trustees.
24 Chapter 2 - Trustees-24. Duties of trustees.
25 Chapter 2 - Trustees-25. Liability of trustees.
26 Chapter 2 - Trustees-26. Resignation and removal of trustees.
27 Chapter 3 - Prospectus and Product Disclosure Statement-27. Prohibition of issuing prospectus or product disclosure statement without approved trust deed or approved contractual agreement.
28 Chapter 3 - Prospectus and Product Disclosure Statement-28. Requirement to register and lodge prospectus or product disclosure statement.
29 Chapter 3 - Prospectus and Product Disclosure Statement-29. Registration of prospectus or product disclosure statement.
30 Chapter 3 - Prospectus and Product Disclosure Statement-30. Refusal to register prospectus or product disclosure statement.
31 Chapter 3 - Prospectus and Product Disclosure Statement-31. Keeping of documents relating to prospectus or product disclosure statement.
32 Chapter 3 - Prospectus and Product Disclosure Statement-32. Contents of prospectus or product disclosure statement.
33 Chapter 3 - Prospectus and Product Disclosure Statement-33. Consent from person to issue prospectus or product disclosure statement containing his statement.
34 Chapter 3 - Prospectus and Product Disclosure Statement-34. Relief from requirements in relation to form and content of prospectus or product disclosure statement.
35 Chapter 3 - Prospectus and Product Disclosure Statement-35. Certain advertisement deemed to be prospectus or product disclosure statement.
36 Chapter 3 - Prospectus and Product Disclosure Statement-36. Document containing offer of interests for sale to be deemed prospectus or product disclosure statement.
37 Chapter 3 - Prospectus and Product Disclosure Statement-37. Information memorandum deemed to be prospectus or product disclosure statement.
38 Chapter 3 - Prospectus and Product Disclosure Statement-38. Supplemental prospectus or replacement prospectus.
39 Chapter 3 - Prospectus and Product Disclosure Statement-39. Civil liability for misstatement in prospectus or product disclosure statement.
40 Chapter 3 - Prospectus and Product Disclosure Statement-40. Criminal liability for misstatement in prospectus or product disclosure statement.
41 Chapter 3 - Prospectus and Product Disclosure Statement-41. Registrar and persons not to be taken to have authorized or caused issuance of prospectus or product disclosure statement.
42 Chapter 3 - Prospectus and Product Disclosure Statement-42. Stop order.
43 Chapter 3 - Prospectus and Product Disclosure Statement-43. Issuance of trust deeds, contractual agreements, prospectuses or product disclosure statements in accordance with Shariah principles.
44 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-44. Management company to have registered office in Malaysia.
45 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-45. General duties and obligations of management company.
46 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-46. Obligations to trustees.
47 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-47. Duty to buy back interests.
48 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-48. Separation of funds of interest holders and other persons.
49 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-49. Prohibition to invest and lend money to management company, etc .
50 PART IV MANAGEMENT, AUDIT AND MEETINGS Chapter 1 - Management Company-50. Registrar may specify duties, obligations and conduct relating to schemes.
51 Chapter 2 - Accounts and Audit-51. Accounting records and audit.
52 Chapter 2 - Accounts and Audit-52. Appointment and approval of auditor.
53 Chapter 2 - Accounts and Audit-53. Powers and duties of auditor.
54 Chapter 2 - Accounts and Audit-54. Duty of auditor to disclose irregularity or undesirable practice.
55 Chapter 3 - Meetings of a Scheme-55. Requisition of meeting by interest holders.
56 Chapter 3 - Meetings of a Scheme-56. Notice of meetings of interest holders.
57 Chapter 3 - Meetings of a Scheme-57. Manner in which notice is given.
58 Chapter 3 - Meetings of a Scheme-58. Notification of publication of notice of meeting on website.
59 Chapter 3 - Meetings of a Scheme-59. Procedures at meetings and proxies.
60 Chapter 3 - Meetings of a Scheme-60. Records of resolutions and meetings, etc .
61 Chapter 3 - Meetings of a Scheme-61. Records as evidence of resolutions, etc .
62 PART V WINDING UP OF SCHEMES-62. Winding up of scheme as required by trust deed or contractual agreement.
63 PART V WINDING UP OF SCHEMES-63. Winding up at direction of interest holders of an investment scheme.
64 PART V WINDING UP OF SCHEMES-64. Winding up in the event of accomplishment or non-accomplishment of the purpose of the scheme.
65 PART V WINDING UP OF SCHEMES-65. Winding up ordered by Court.
66 PART V WINDING UP OF SCHEMES-66. Duties of management company in winding up of a scheme.
67 PART V WINDING UP OF SCHEMES-67. Ancillary orders.
68 PART V WINDING UP OF SCHEMES-68. Unclaimed money to be paid to Registrar.
69 PART V WINDING UP OF SCHEMES-69. Voluntary deregistration.
70 PART VI ENFORCEMENT OF THE ACT-70. Injunction.
71 PART VI ENFORCEMENT OF THE ACT-71. Power of Registrar to intervene.
72 PART VI ENFORCEMENT OF THE ACT-72. Power of Registrar to terminate unregistered scheme.
73 PART VI ENFORCEMENT OF THE ACT-73. Power to exempt from compliance with the Act.
74 PART VI ENFORCEMENT OF THE ACT-74. Protection to certain officers who make disclosures.
75 PART VI ENFORCEMENT OF THE ACT-75. General penalty.
76 PART VII ADMINISTRATION OF THE ACT-76. Register of interest holders.
77 PART VII ADMINISTRATION OF THE ACT-77. Duty to lodge returns, statements, etc .
78 PART VII ADMINISTRATION OF THE ACT-78. Documents to be kept at registered office.
79 PART VII ADMINISTRATION OF THE ACT-79. Forms of documents, use of computer and other means for recording documents.
80 PART VII ADMINISTRATION OF THE ACT-80. Inspection of registers and documents at registered office.
81 PART VII ADMINISTRATION OF THE ACT-81. Registers and inspection of documents lodged with Registrar.
82 PART VII ADMINISTRATION OF THE ACT-82. False and misleading statements.
83 PART VII ADMINISTRATION OF THE ACT-83. Evidentiary value of copies certified by Registrar.
84 PART VII ADMINISTRATION OF THE ACT-84. Evidence of statutory requirements.
85 PART VII ADMINISTRATION OF THE ACT-85. Rectification of registers.
86 PART VII ADMINISTRATION OF THE ACT-86. Electronic lodgement of documents.
87 PART VII ADMINISTRATION OF THE ACT-87. Issue of document electronically.
88 PART VII ADMINISTRATION OF THE ACT-88. Electronic information, document, etc , certified by Registrar admissible in evidence.
89 PART VII ADMINISTRATION OF THE ACT-89. Power to amend Schedules.
90 PART VII ADMINISTRATION OF THE ACT-90. Regulations.
91 PART VII ADMINISTRATION OF THE ACT-91. Power to declare interests to be regulated under the securities laws.
92 PART VII ADMINISTRATION OF THE ACT-92. Saving and transitional.
SupremeToday Portrait Ad

Enter the Future of Legal Excellence with SupremeToday AI

Elevate your legal practice with advanced AI-driven research and drafting solutions. Experience unmatched efficiency, precision, and security, tailored exclusively for legal professionals.

experience-legal
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

App_Store_Badge Google_Play_Store

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon

Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.

whatsapp-icon