s 64 Winding up in the event of accomplishment or non- accomplishment of the purpose of the scheme
(1) If the management company considers that the purpose of the scheme has been accomplished or cannot be accomplished, the management company may take steps to wind up the scheme in accordance with this section.
(2) The management company shall send to the interest holders of the scheme, the Registrar and the trustee a notice in writing—
(a) explaining the proposal to wind up the scheme, including explaining how the scheme’s purpose has been accomplished or why that purpose cannot be accomplished;
(b) informing the interest holders of their rights to call a meeting of interest holders to consider the proposed winding up of the scheme and to vote on the proposal to wind up the scheme; and
(c) informing the interest holders that the management company is permitted to wind up the scheme unless a meeting is called to consider the proposed winding up of the scheme within twenty-eight days from the date of the notice.
(3) The management company may wind up the scheme if no meeting is called within twenty-eight days to consider the proposed winding up and the Registrar is satisfied of that fact after receiving certification from the trustee.
Malay text (authoritative)
Penggulungan jika maksud skim dicapai atau tidak boleh dicapai
(1) Jika syarikat pengurusan menganggap bahawa maksud skim itu telah dicapai atau tidak boleh dicapai, syarikat pengurusan boleh mengambil langkah-langkah untuk menggulung skim itu mengikut seksyen ini.
(2) Syarikat pengurusan hendaklah menghantar kepada pemegang kepentingan skim, Pendaftar dan pemegang amanah suatu notis bertulis—
(a) yang menjelaskan cadangan untuk menggulung skim itu, termasuklah menjelaskan bagaimana maksud skim telah dicapai atau mengapa maksud itu tidak boleh dicapai;
(b) yang memaklumkan pemegang kepentingan mengenai hak pemegang kepentingan untuk memanggil suatu mesyuarat pemegang kepentingan untuk mempertimbangkan cadangan penggulungan skim dan untuk mengundi cadangan untuk menggulung skim itu; dan
(c) yang memaklumkan pemegang kepentingan bahawa syarikat pengurusan itu dibenarkan untuk menggulung skim itu melainkan jika suatu mesyuarat dipanggil untuk mempertimbangkan cadangan penggulungan skim itu dalam masa dua puluh lapan hari dari tarikh notis.
(3) Syarikat pengurusan boleh menggulung skim jika tiada mesyuarat dipanggil dalam masa dua puluh lapan hari untuk mempertimbangkan cadangan penggulungan dan Pendaftar berpuas hati mengenai fakta itu selepas menerima perakuan daripada pemegang amanah.
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).
