Friendly Loan & Must-know Tips Before Lending Money
This article explains about friendly loan and its legal position in Malaysia. One should understand that illegal money lending will constitute an offence under the Moneylenders Act 1951.
It also teaches some best tips a lender should know before giving his hand to a borrower.
Stamp Duty and Contracts
This article talks about the stamp duty imposed on financial, commercial and legal documents in Malaysia and most importantly it discusses the question whether the fact that without paying stamp duty would affect the validity of a contract. The contents are as follows:-
– What is stamp duty?
– Is a contract still valid without stamping?
– Late stamping penalty