Rahul Sharma (Editor)

Direct Sales and Anti Pyramid Scheme Act 1993

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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

Direct Sales and Anti-Pyramid Scheme Act 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
    (Text) CC BY-SA