Langkawi International Yachting Companies Act 2005 s 40
s 40 Cancellation of reacquired shares by a Langkawi company
A Langkawi company may at any time, by resolution of its directors, cancel all or any part of the shares of the company of any class reacquired by it, other than redeemable shares redeemed or purchased, and in such event a statement of cancellation shall be lodged with the Registrar within thirty days from the date of cancellation.
Malay text (authoritative)
Pengkenselan syer perolehan semula oleh syarikat Langkawi
Sesuatu syarikat Langkawi boleh pada bila-bila masa, melalui ketetapan pengarahnya, mengkenselkan semua atau mana-mana bahagian syer syarikat itu daripada mana-mana kelas yang diperolehnya semula, selain syer boleh tebus yang telah ditebus atau dibeli, dan dalam perkara sedemikian suatu pernyataan mengenai pengkenselan itu hendaklah diserahkan kepada Pendaftar dalam masa tiga puluh hari dari tarikh pengkenselan itu.
Read this section in the full act β Β· Open Division 1 β
Find Act 643 on lom.agc.gov.my β
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).