Direct Sales and Anti Pyramid Scheme Act 1993

Updated on Dec 20, 2024

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Citation Act 500 Enacted by Dewan Rakyat Date of Royal Assent 22 January 1993		Territorial extent Throughout Malaysia Enacted by Dewan Negara Date commenced 4 February 1993

The Direct Sales and Anti-Pyramid Scheme Act 1993 (Malay: Akta Jualan Langsung dan Skim Anti-Piramid 1993), is a Malaysian laws which enacted to provide for the licensing of persons carrying on direct sales business, for the regulation of direct selling, for prohibiting pyramid scheme or arrangement, chain distribution scheme or arrangement, or any similar scheme or arrangement, and for other matters connected therewith.

Structure

The Direct Sales and Anti-Pyramid Scheme Act 1993, in its current form (1 December 2011), consists of 7 Parts containing 45 sections and 1 schedule (including 1 amendment).

Part I: Preliminary

Part II: Requirement for a Licence to Carry on Direct Sales Business

Part III: Door-to-door Sales and, Mail Order Sales and Sales through Electronic Transactions

Part IV: Direct Sales Contracts

Part V: Cooling-off Period and Rescission

Part VA: Prohibition of Pyramid Scheme

Part VI: Enforcement

Part VII: Miscellaneous

Schedule

References

Direct Sales and Anti-Pyramid Scheme Act 1993 Wikipedia

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