Clause 173

by deleting subsection (1) and substituting the following subsection:“(1) If any person —

other than a foreign company, uses any name or title or trades or carries on business under any name or title which “Limited” or “Berhad” or any abbreviation, imitation or translation of any of those words is the final word; or

in any way holds out that the business is incorporated under this Act,that person shall, unless at that time the business was duly incorporated under this Act, be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.”; and

by inserting, immediately after subsection (2), the following subsection heading and subsection:“Penalty for holding out business as registered foreign company(3) If a person carrying on a business, his agent or a person acting on his behalf, in any way holds out that the business is registered as a foreign company under this Act when at the material time the business was not so registered, that person shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.”.