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← Securities Commission Act 1993

Securities Commission Act 1993 s 88

Securities Commission Act 1993 s 88

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 88 Court may order a meeting of debenture holders

(1) Without limiting the effect of section 90 or 91, the Court may make an order under either of those sections for a meeting of all or any of the debenture holders to be held to give directions to the trustee. (2) An order made under subsection (1) may direct the trustee to— (a) place before the debenture holders any information concerning the interests of the debenture holders; (b) place before the debenture holders any proposal to protect the interests of the debenture holders that the Court directs or the trustee considers appropriate; and (c) obtain the debenture holders’ directions concerning the protection of the interests of the debenture holders. (3) The meeting shall be held and be conducted in such manner as the Court may direct. (4) A trustee may appoint a person to chair the meeting and where the trustee does not exercise this power, the debenture holders present at the meeting may appoint a person to chair the meeting.

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

Find Act 498 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

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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