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← Labuan Companies Act 1990

Labuan Companies Act 1990 s 45

Labuan Companies Act 1990 s 45

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 45

An offshore company may, by special resolution, determine that any portion of its uncalled share capital shall not be capable of being called up except in the event of the company being wound up, butno such resolution shall prejudice the rights acquired by any person before the passing of the resolution.

Malay text (authoritative)

Sesuatu syarikat luar pesisir boleh, melalui ketetapan chas, menentukan bahawa mana-mana bahagian moda syer tak dipanggil bagi 'syarikat itu tidak boleh dipanggi cecuali sekiranya syarikat itu dıgulung, tetapı tiad cetetapan sedemikian boleh menjejaskan hak-hak yans diperolehi oleh mana-mana orang sebelum ketetapan 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).

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