Kootu Funds (Prohibition) Act 1971
Akta (Larangan) Kumpulan Wang Kutu 1971
Prohibits the registration or licensing of businesses which promote or are designed to promote kootu funds and the registration of companies which have as their object or as one of their objects the promotion of schemes or arrangements variously known as kootus, cheetus, chit funds, hweis, tontines or otherwise as well as to make it unlawful for any person to carry on the business of promoting such schemes or arrangements.
Copy of the official text captured from the Laws of Malaysia portal (AGC) on 26 October 2026. Always check the official portal for the authoritative current version. Amendments made after the official “last updated” date are published separately as amending Acts (Act A…) on the portal.
| Number | Act 28 |
|---|---|
| Type | Federal Act |
| Applies to | Federal |
| Subject | Companies, finance & banking |
| Year | 1971 |
| Official “last updated” | 1 June 2014 |
| Published by | Attorney General's Chambers — Laws of Malaysia portal (lom.agc.gov.my) |
Long title
An Act to prohibit the registration or licensing of businesses which promote or are designed to promote kootu funds and the registration of companies which have as their object or as one of their objects the promotion of schemes or arrangements variously known as kootus, cheetus, chit funds, hweis, tontines or otherwise as well as to make it unlawful for any person to carry on the business of promoting such schemes or arrangements and to provide for matters incidental thereto.
Version history
| Captured | Language | Official “last updated” | Pages | SHA-256 | File |
|---|---|---|---|---|---|
| 26 October 2026 | English | 1 June 2014 | 18 | 365e1539914e | PDF 0.5 MB |
A new version is kept only when the official file changes (different SHA-256 fingerprint). Older versions are never overwritten, so you can see what the text said on an earlier date.
Official source
- Official text (English) ↗
- Official text (Bahasa Melayu) ↗
- Attorney General's Chambers — Laws of Malaysia portal (lom.agc.gov.my) ↗
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