s 121
(1) A foreign company shall not have a place of business in Labuan or carry on business in Labuan unless it is registered as a foreign offshore company under this Part, and a foreign company which acts, and every officer thereof who permits the foreign company to act, in contravention of this subsection shall be guilty of an offence against this Act. (2) Every foreign company shall, prior to establishing a place of business, or carrying on business, in Labuan, lodge with the Registrar for registration— (a) a certified copy of the certificate of its incorporation or registration in its place of incorporation or origin, or a document of similar effect; (b) a certified copy of its charter, statute or memorandum and articles or other instrument constituting or defining its constitution; (c) a list of its directors and officers containing similar particulars with respect to its directors as are required to be contained in the register of the directors and secretaries of an offshore company under section 94; *. [Pt. VIII, S. 121-122] (d) where the list referred to in paragraph (c) includes directors resident in Labuan who are members of the local board of directors, a memorandum duly executed by or on behalf of the foreign offshore stex in 1 company stating the powers of the local directors; (e) a memorandum of appointment or power of attorney under the seal of the foreign offshore dAA988. company or executed on its behalf in such manner as . to be binding on the company and, in either case, verified in the prescribed manner, stating the name of a trust company that is authorized to accept on its behalf service of process and any notice required to be served on the company; and (f) a statutory declaration in the prescribed form made by an officer of the trust company, and the Registrar may, on payment of the prescribed fees, and subject to this Act and any condition which he may impose, register the company under this Part as a foreign offshore company by registration of the documents. (3) The Registrar shall issue a certificate in the prescribed form of every registration of a foreign offshore company and the certificate shall be conclusive evidence that the requirements as to registration have been complied with. (4) Where a memorandum of appointment or power of attorney lodged with the Registrar in pursuance of subsection (2) (e) is executed by a person on behalf of a foreign offshore company, a copy of the deed or document by which that person is authorized to execute the memorandum of appointment or power of attorney, verified by statutory declaration in the prescribed manner, shall be lodged with the Registrar and the copy shall for all purposes be regarded as an original. (5) A foreign offshore company shall pay an annual fee of such amount as may be prescribed not later than thirty days from each anniversary of the date of its registration.