Interest Schemes Act 2016 s 55
s 55 Requisition of meeting by interest holders
(1) The interest holders of a scheme may require the directors of a management company to call for a meeting of interest holders.
(2) The directors of the management company shall call for the meeting of interest holders if the management company received an application from not less than fifty in number or ten per centum of the interest holders, whichever is lesser.
(3) A meeting summoned for the purposes of this section shall beβ
(a) held at the time and place specified in the notice and advertisement, being a time not later than two months after the giving of the notice;
(b) chaired byβ
(i) a person who is appointed by the interest holders to which the trust deed or contractual agreement relates who are present at the meeting; or
(ii) where no appointment is made under subparagraph (i), a nominee of the trustee; and
(c) conducted in accordance with the trust deed or contractual agreement or, if there is no such provision in the trust deed or contractual agreement, as directed by the chairman of the meeting.
(4) The management company and every officer who contravene subsection (1) commit an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit.
Malay text (authoritative)
Rekuisisi mesyuarat oleh pemegang kepentingan
(1) Pemegang kepentingan suatu skim itu boleh meminta pengarah suatu syarikat pengurusan itu untuk memanggil suatu mesyuarat pemegang kepentingan.
(2) Pengarah syarikat pengurusan itu hendaklah memanggil mesyuarat pemegang kepentingan jika syarikat pengurusan itu menerima suatu permohonan daripada tidak kurang daripada lima puluh bilangannya atau sepuluh peratus pemegang kepentingan, manamana yang lebih rendah.
(3) Suatu mesyuarat yang dipanggil bagi maksud seksyen ini hendaklahβ
(a) diadakan pada masa dan tempat yang dinyatakan dalam notis dan iklan, pada masa tidak lewat daripada dua bulan selepas pemberian notis itu;
(b) dipengerusikan olehβ
(i) seseorang yang dilantik oleh pemegang kepentingan yang berhubung dengan surat ikatan amanah atau perjanjian kontraktual itu yang hadir pada mesyuarat itu; atau
(ii) jika tiada pelantikan dibuat di bawah subperenggan (i), seorang penama pemegang amanah; dan
(c) dijalankan mengikut surat ikatan amanah atau perjanjian kontraktual atau, jika tiada peruntukan sedemikian dalam surat ikatan amanah atau perjanjian kontraktual, sebagaimana yang diarahkan oleh pengerusi mesyuarat.
(4) Syarikat pengurusan dan tiap-tiap pegawai yang melanggar subseksyen (1) melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi dua puluh ribu ringgit.
Read this section in the full act β Β· Open Chapter 3 β
Find Act 778 on lom.agc.gov.my β
Text as at 1 March 2018 (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).
