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    Interest Scheme Brochure

    Uploaded by

    aiaiyaya
    The document provides a checklist for interest schemes in Malaysia with 6 items. An interest scheme involves pooling financial contributions from the public in exchange for participation in a scheme. Only public companies can offer such schemes, which must be registered with the Companies Commission of Malaysia. A trustee must be appointed to oversee the scheme and protect interest holders.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Interest Scheme Brochure

    Uploaded by

    aiaiyaya
    78 views2 pages
    The document provides a checklist for interest schemes in Malaysia with 6 items. An interest scheme involves pooling financial contributions from the public in exchange for participation in a scheme. Only public companies can offer such schemes, which must be registered with the Companies Commission of Malaysia. A trustee must be appointed to oversee the scheme and protect interest holders.

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    © © All Rights Reserved

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    The document provides a checklist for interest schemes in Malaysia with 6 items. An interest scheme involves pooling financial contributions from the public in exchange for participation in a scheme. Only public companies can offer such schemes, which must be registered with the Companies Commission of Malaysia. A trustee must be appointed to oversee the scheme and protect interest holders.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    78 views2 pages

    Interest Scheme Brochure

    Uploaded by

    aiaiyaya
    The document provides a checklist for interest schemes in Malaysia with 6 items. An interest scheme involves pooling financial contributions from the public in exchange for participation in a scheme. Only public companies can offer such schemes, which must be registered with the Companies Commission of Malaysia. A trustee must be appointed to oversee the scheme and protect interest holders.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    CHECKLIST FOR

    INTEREST SCHEME

     Only a public company is allowed to offer to


    the public a right to participate in an inter-
    est scheme.

    For more information on interest scheme, please


     The application form for the purchase of contact
    interest schemes must be attached with a Hotline : 03-2299 5500
    copy of a valid prospectus. The prospectus
    E-mail : [email protected]
    must contain the details of the scheme of-
    e-Complaint accessible through SSM’s website
    fered.
    at www.ssm.com.my

     The scheme has a trust deed that is regis-


    SURUHANJAYA SYARIKAT MALAYSIA
    tered with SSM. The trust deed binds the
    (COMPANIES COMMISSION OF MALAYSIA)
    promoter of the scheme to its obligations
    MENARA SSM@SENTRAL
    towards the interest holders. A copy of the
    NO 7, JALAN STESEN SENTRAL 5

    INTEREST
    trust deed can be obtained from SSM for a
    KUALA LUMPUR SENTRAL
    fee at RM1.00 per page.
    50623 KULALA LUMPUR

    SCHEME
     A trustee must be appointed for the
    scheme.

     Interest Holders are given a minimum of 10


    days Cooling-off Period if they wish to
    withdraw the application and any payment
    made must be refunded without penalty.

     The sales personnel are employees of the


    promoter of the scheme or a marketing com-
    pany that is appointed by the promoter and
    approved by SSM.
    WHAT IS AN HOW TO IDENTIFY TYPES OF

    INTEREST SCHEME? AN INTEREST SCHEME? INTEREST SCHEMES

    Interest Scheme is a way of doing business in  You will be required to make payment to partici-  Offer of membership subscriptions of more
    Malaysia. Interest Scheme involves the pooling pate in the scheme than 12-month by Golf Clubs, Recreational
    of financial contribution from the public in ex-  You are not a shareholder of the company Clubs and Fitness Clubs
    change for an interest in a particular scheme.
     You are not involved in the day-to-day manage-
     Offer to participate in any Time-Sharing
    ment of the scheme
    Scheme
    Such interest includes the usage of the facili-  You have interest in the business or the scheme
    ties and services provided under the scheme or
    offered
    profit or returns, depending on the nature of  Offer to invest in plantation and aquaculture
    the scheme. scheme for commercial purposes. The
    AND any one of the following criteria: scheme is also known as ‘Sharefarming
    Scheme’ or ‘Grower’s Plot Scheme’
    Promoter of an interest scheme must register
    the scheme with SSM before it can be offered  You have interest in the profit, asset and reali-  Offer to invest in the Breeding of Livestock
    to the public. The sale of interest is governed zation of a business or a scheme in Malaysia or (such as ostriches, horses, leeches, earth-
    by the provisions of Division 5 of Part IV of the elsewhere worms, swiftlets, cows, goats and catfish)
    Companies Act. The promoter of an interest
    for commercial purposes
    scheme is also required to comply with the Policy
    Guidelines and Requirements issued by SSM  You are promised that you will procure returns
    from time to time. from the payment you made  Offer to invest in a particular business
    whereby the investors are not involved in
    the day-to-day management of the business
    ‘Interest’ is defined under section 84 of the  You acquire the rights/interest in a property
    Companies Act as: which includes the right to use the facilities on
     Offer to purchase burial plots, urns and
    the property for a period of more than 12
    ‘A right to participate or interest in any: columbaria by Memorial Park
    months
    (a) profits, assets or realization of a busi-
    ness;  Offer to purchase undivided interest in
    (b) common enterprise with expectation of  You have the right to occupy any property for 2 greenbelt land where by purchasers are led
    profits, rent or interest; or more times during tenure of the time-sharing to expect profit from the sale of the appre-
    (c) time sharing scheme; and scheme ciated value of the land pursuant to the ef-
    forts of the company/3rd party to obtain
    (d) investment contract.
    approval for the rezoning of the land. The
    scheme is also known as Land Banking
    Scheme

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