Interest Scheme is a way of doing business in Malaysia involving the pooling of financial contribution from the public in exchange for an interest in a particular scheme. Such interest includes the usage of the facilities and services provided under the scheme / profit / returns, depending on the nature of the scheme.
We have a considerable mix expertise in our team of individuals comprising professionals such as Accountants, and Economists equipped with extensive related industry experiences to provide strategic advice and operational assistance. Our commitment is to provide comprehensive, reliable, flexible and quality administration and operational support catering to the needs of each individual client.
Infinity Trustee Berhad’s role as Trustee of the Scheme among others include:
- The promoters including the Management Company / Operator/ Developer is required by Division 5 of Part IV of the Companies Act 1965 to appoint a Trustee to act for the Interest Scheme.
- To investigate complaints from interest holders and bring to the attention of the Operator / Developer to be rectified.
- To ensure that the requisite trust administration and monitoring of compliance are carried periodically.
- To support the Management Company /Development with providing visit to provide valuable and independent feedback
- To make proposals / suggestions whenever the Trustee deems fit and appropriate.
- To operate Trust Account and Sinking Fund Account
- To report breach and non-compliance to the Regulator.