Labuan Companies Act 1990 s 95
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 95
(1) Subject to any limitations in the memorandum or Meetings articles, the directors of an offshore company may convene of meetings of the members of the company in such manner and members. at such times and places within or outside Labuan as the directors consider necessary or desirable.
(2) The directors of an offshore company, notwithstanding anything in the articles, shall, on the requisition of ten or more members, or members holding at the date of the deposit of the requisition not less than one-tenth of the total paid-up capital of the company, forthwith proceed to convene a meeting of members.
(3) Subject to any limitations in the memorandum or articles, a member shall be deemed to be present at a meeting of members if—
(a) heparticipates by telephone or otherelectronic means;
(b) all members participating in the meeting are able to hear each other and recognise each other's voice, and for this purpose participation constitutes prima facie proof of recognition.
(4) A member may be represented at a meeting of members by a proxy who may speak and vote on his behalf.
(5) The following provisions apply in respect of joint ownership of shares:
(a) if two or more persons hold shares jointly, each of them may be present in person or by proxy at a meeting of members and may speak as a member;
(b) if only one of them is present in person or by proxy, he may vote on behalf of all of them; and 14988
Quorum hairmar voting, etc., at meetings. [Pt. V, S. 95-97] Notice of meetings of members.
(c) if two or more of them are present in person or by proxy, they shall vote as one.
Malay text (authoritative)
(1) Tertakluk kepada apa-apa batasan dalam Mesyuarat memorandum atau perkara-perkara, pengarah-pengarah ,anggotasuatu syarikat luar pesisir boleh memanggil mesyuarat anggota. anggota-anggota syarikat itu mengikut apa-apa cara dan pada bila-bila masa dan di mana-mana tempat di dalam atau di luar Labuan sebagaimana yang difikirkan perlu atau dihasrati oleh pengarah-pengarah.
(2) Walau apa pun dalam perkara-perkara, pengarahpengarah suatu syarikat luar pesisir hendaklah, atas rekuisisi șepuluh anggota atau lebih atau anggota-anggota yang pada tarikh rekuisisi itu didepositkan memegang tidak kurang daripada satu persepuluh jumlah modal berbayar syarikat itu, dengan serta-merta mengambil tindakan . untuk memanggil suatu mesyuarat anggotaanggota.
[Bah. V, S. 95-96]
(3) Tertakluk kepada apa-apa batasan dalam memorandum atau perkara-perkara, seorang anggota hendaklah disifatkan hadir di suatu mesyuarat anggotaanggota jika-
(a) dia menyertai mesyuarat itu dengan telefon atau alat elektronik lain; dan Notis mesyuarat anggota. maksud ini penyertaan adalah menjadi bukti prima facie bagi pengenalan.
(4) Seorang anggota boleh, di suatu mesyuarat sgorarananore, diunai bağ hscorans proksi yang bolch
(5) Peruntukan-peruntukan yang berikut adalah terpakai berkenaan dengan pemunyaan syer bersesama:
(a) jika dua orang atau lebih memegang syer bersesama, setiap daripada mereka itu boleh hadir dengan sendirinya atau melalui proksi di mesyuarat anggota-anggota dan boleh bercakap sebagai anggota;
(b) jika hanya seorang sahaja daripada mereka hadir dengan sendirinya atau melalui proksi, dia bolehlah mengundi bagi pihak mereka semua;
(c) jika dua daripada mereka atau lebih hadir dengan sendirinya atau melalui proksi, mereka hendaklah mengundi sebagai satu.
Read this section in the full act → · Open Division 3 →
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).
