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← Labuan Companies Act 1990

Labuan Companies Act 1990 s 80

Labuan Companies Act 1990 s 80

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 80

(1) An offshore company shall not register a transfer of Instruments shares or debentures unless a proper instrument of transferhas and been delivered to the company, but this subsection shall not by personal prejudice any power to register as a shareholder or debenture representaholder any person to. whom the right to any shares in, or tive. debenture of, the company has been transmitted by operation of law. Duties of with respect to issue of certificate. [Pt. IV, S. 80-81] (2) A transfer of the share, debenture or other interest of a deceased person made by his personal representative shall, although the personal representative is not himself a member of the company, be as valid as if he had been such a member at the time of the execution of the instrument of transfer. (3) The production to an offshore company of any document which is by law sufficient evidence of probate of the will, or letters of administration of the estate, of a deceased person having been granted to some person shall be accepted by the company, notwithstanding anything in its articles, as sufficient evidence of the grant. (4) In this section "instrument of transfer" includes a written application for transmission of a share, debenture or other interest to a personal representative.

Malay text (authoritative)

(1) Sesuatu syarikat luar pesisir tidak boleh Suratcara mendaftarkan sesuatu pemindahan syer atau debentur pemindahan, melainkan jika suatu suratcara pemindahan yang pemindahan sempurna telah dihantarserah kepada syarikat itu, tetapi diri. subseksyen ini tidaklah menjejaskan apa-apa kuasa untuk mendaftarkan sebagai seorang pemegang syer atau pemegang debentur mana-mana orang yang kepadanya hak terhadap mana-mana syer dalam, atau debentur bagi, syarikat itu telah berpindah dengan kuatkuasa undangundang. (2) Sesuatu pemindahan syer, debentur atau kepentingan lain si mati yang dibuat oleh wakil dirinya hendaklah, walaupun wakil diri itu sendiri bukannya anggota syarikat itu, sama sahnya seolah-olah dia telah menjadi anggota sedemikian pada masa penyempurnaan suratcara pemindahan itu. (3) Pengemukaan kepada sesuatu syarikat luar pesisir apa-apa dokumen yang menurut undang-undang adalah keterangan yang mencukupi bahawa probet wasiat, atau surat kuasa mentadbir harta pusaka, si mati telah diberikan kepada seseorang hendaklah diterima oleh syarikat itu, walau apa pun apa-apa jua dalam perkara-perkaranya, sebagai keterangan yang mencukupi mengenai pemberian itu. (4) Dalam seksyen ini "suratcara pemindahan" termasuklah suatu permohonan bertulis bagi memindahkan ! Kewajipanluar pesisit nengenai engeluara erakuar Tak terpakainya Penggal. [Bah. IV, S. 80-82] syer, debentur atau kepentingan lain kepada seorang wakil diri.

Read this section in the full act →

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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