Labuan Companies Act 1990 s 27
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 27
(1) Subject to subsection (2), if at any time an offshore Prohibition company has no members and carries on business for more carying on than six months while it has no members, every officer,. Wiheness servant, employee or agent of that company during the time offshore thatitso carries on business afterthose six months who knows hasnany that the company has no members shall be liable, and if more members. than one, jointly and severally, for the payment of all the debts of the company contracted during the time that it so carries on business after those six months, and such officer, servant, employee or agent shall be guilty of an offence against this Act if the company so carries on business after those six months.
(2) Subsection (1) shall not apply in respect of an officer, servant, employee or agent of an offshore company which has no members who carries on the business of the company after those six months, if the officer, servant, employee or agent does so by virtue of a direction of the Court or under the direction of an approved liquidator appointed in respect of the company.
Malay text (authoritative)
(1) Tertakluk kepada subseksyen (2), jika pada bilabila masa sesuatu syarikat luar pesisir tiada anggota dan menjalankan perniagaan selama lebih daripada enam bulan semasa ia tiada anggota itu, tiap-tiap pegawai, pengkhidmat, pekerja atau ejen syarikat itu pada tempoh yang ia menjalankan perniagaan selepas enam bulan itu :
! [Bah. IT-IV, S. 27-28] yang tahu bahawa syarikat itu tiada anggota adalah bertanggungan, dan jika lebih daripada seorang, bersesama dan berasingan, untuk membayar keseluruhan hutang syarikat yang diadakan pada tempoh yang ia menjalankan perniagaan selepas enam bulan tersebut, dan pegawai, pengkhidmat, pekerja atau ejen itu adalah melakukan suatu kesalahan terhadap Akta ini jika syarikat itu menjalankan perniagaan demikian sélepas enam bulan itu.
(2) Subseksyen (1) tidaklah terpakaı berkenaan dengan seseorang pegawai, pengkhidmat, pekerja, atau ejen sesuatu syarikat luar pesisir yang tiada anggota yang menjalankan perniagaan syarikat itu selepas enam bulan tersebut jika pegawai, pengkhimat, pekerja atau ejen itu berbuat demikian menurut suatu arahan Mahkamah atau di bawah arahan seorang pelikuidasi diluluskan yang dilantik berkenaan dengan syarikat itu.
Read this section in the full act → · Open Division 2 →
Find Act 441 on lom.agc.gov.my ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
