Finance Companies Act 1967 · 2020 Revised Edition · Part 8 · Miscellaneous
51. Holding out as finance company
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Where any public or private company or firm or limited liability partnership or VCC holds itself out to be a licensed finance company when it is not licensed under this Act, such company or firm or limited liability partnership or VCC shall be guilty of an offence and every director, manager or every officer of that company and the proprietor or every partner or officer of that firm and every partner or manager of the limited liability partnership and every director, manager or officer of that VCC shall, unless the person proves that such holding out by the company or firm or limited liability partnership or VCC was made without the person’s knowledge or consent, be guilty of an offence and shall be liable on conviction to a fine not exceeding $15,000 or to imprisonment for a term not exceeding 2 years or to both.
company
“company” means a company incorporated or registered under the Companies Act 1967 or pursuant to any corresponding previous written law;