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← Labuan Companies Act 1990

Labuan Companies Act 1990 s 44

Labuan Companies Act 1990 s 44

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 44

An offshore company may— (a) make arrangements, on the issue of shares, for varying the amounts and times of payment of calls as between shareholders; (b) accept from any member the whole or any part of the amount remaining unpaid on any shares although no part of that amount has been called up; and (c) pay dividends in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others. Calls. • Reserve lability Share remiun ccount [Pt. IV, S. 45-46]

Malay text (authoritative)

Sesuatu syarikat luar pesisir boleh— (a) membuat perkiraan, mengenai penerbitan syer, bagi mengubah amaun dan masa pembayaran panggilan-panggilan di antara pemegangpemegang syer; (b) menerima daripada mana-mana anggota keseluruhan atau mana-mana bahagian daripada amaun yang masih tak berbayar atas mana-mana syer walaupun tiada bahagian amaun itu yang telah dipanggil; dan Panggilan. [Bah. IV, S. 44-46] Liabiliti rizab. Akaun premium syer. (c) membayar dividen-dividen mengikut kadar amaun yang dibayar atas setiap syer jika suatu amaun yang lebih besar dibayar atas beberapa syer daripada syer-syer yang lain.

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).

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