“Registration of business designed to promote pyramid selling scheme or arrangement prohibited
4.—(1) A person must not apply to be registered under the Business Names Registration Act 2014 under any business name in respect of any business that is designed to promote a multi-level marketing scheme or arrangement or a pyramid selling scheme or arrangement.
(2) A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $200,000 or to imprisonment for a term not exceeding 5 years or to both.”.
(b) Section 9
(i) Delete the words “Business Registration Act (Cap. 32)” and substitute the words “Business Names Registration Act 2014”. (ii) Delete the words “Business Registration Act” and substitute the words “Business Names Registration Act 2014”.
