Malaysian business licence·Federal

Submission of Mortgagee Transaction Statement Report

Issued by Kementerian Pembangunan Kerajaan Tempatan (KPKT)Pawn Brokers Act 1972 [Act 81]; Pawn Brokers (Control and Licensing) Regulations 2004; and Pawn Brokers (Compound Offences) Regulations 2018.

Overview

This license is required for submitting the Mortgagee Transaction Statement Report. It is necessary for businesses involved in pawnbroking to comply with reporting regulations. The license permits the submission of annual transaction reports to the relevant authorities.

Key details

Governing Act

Pawn Brokers Act 1972 [Act 81]; Pawn Brokers (Control and Licensing) Regulations 2004; and Pawn Brokers (Compound Offences) Regulations 2018.

Agency fees

RM 10,000 penalty for failure/delay

Validity

Annual renewal typical

Issuing authority

Kementerian Pembangunan Kerajaan Tempatan (KPKT)

Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.

Application requirements

- Annual Transaction Statement Report: - Submission of the annual transaction report can be done online via the integrated Data Electronic Pawn And Lending (iDEAL) system; - Annual submission of the transaction statement is from January to February 1 of the following year.

Agency fee breakdown

Penalty for failure/delay: RM 10,000.00; Or 50% compound of the penalty

These are amounts payable to Kementerian Pembangunan Kerajaan Tempatan (KPKT). Emerhub's service fee is quoted separately when you engage us.