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← Labuan Companies Act 1990

Labuan Companies Act 1990 s 6

Labuan Companies Act 1990 s 6

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 6

No resident, other than a trust company, may hold shares, either individually or with another person, in an offshore company, but a trust company which is a domestic company may only hold such shares as trustee or nominee: Provided that a company incorporated or registered under the Companies Act 1965 may, where it is permitted by the Offshore Banking Act 1990 or the Offshore Insurance Act 1990 to establish a subsidiary in Labuan, hold shares in the subsidiary. [Pt. I, S. 7]

Malay text (authoritative)

Tiada seorang pun pemastautin, selain daripada suatu Larangan syarikat amanah, boleh memegang syer, sama ada secara pemegangan individu atau dengan seseorang lain, dalam suatu syarikat syer dalam luar pesisir, tetapi sesuatu syarikat amanah yang luar pesisir. [Bah. I, S. 6-7] Akta 443. Akta 444. merupakan syarıkat domestik |hanya boleh memegans syer-syer itu sebagai pemegang amanah atau penama Dengan syarat bahawa sesuatu syarikat yang diperbadankan atau didaftarkam di bawah Akta Syarıkat 1965 boleh, jika dibenarkan oleh Akta Bank Luar Pesisir 1990 atau . Akta Insurans Luar Pesısit 1990 untuk menubuhkan subsidiari di Labuan, memegang syer-syer dalam subsidiari itu. Maksud yang

Read this section in the full act → · Open Part I →

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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