Page:Moneylenders Act 2008.pdf/5

Rh :(c) any society registered as a credit society under the Co-operative Societies Act (Cap. 62);
 * (d) any pawnbroker licensed under the Pawnbrokers Act (Cap. 222);
 * (e) any person who—
 * (i) lends money solely to his employees as a benefit of employment;
 * (ii) lends money solely to accredited investors within the meaning of section 4A of the Securities and Futures Act (Cap. 289);
 * (iii) lends money solely to—
 * (A) corporations;
 * (B) limited liability partnerships;
 * (C) trustees or trustee-managers, as the case may be, of business trusts for the purposes of the business trusts;
 * (D) trustees of real estate investment trusts for the purposes of the real estate investment trusts, or who carries on any combination of such activities or services; or
 * (f) any person carrying on any business not having for its primary object the lending of money in the course of which and for the purposes whereof he lends money;

“exempt moneylender” means any moneylender who has been granted an exemption under section 35 or 36 from holding a licence;

“firm” means an unincorporated body of 2 or more individuals, or one or more individuals and one or more corporations, or 2 or more corporations, who have entered into partnership with one another with a view to carrying on business for profit and that is registered under the Business Registration Act (Cap. 32);

“interest”, in relation to a loan, means any amount by whatsoever name called in excess of the principal paid or payable to a moneylender in consideration of or otherwise in respect of the loan,