(1) An application for an order under subsection (2) for the winding up of a scheme may be made to the Court by—
(a) the management company;
(b) the trustees;
(c) a director of the management company;
(d) an interest holder of the scheme; or
(e) the Registrar.
(2) Upon an application made under this section, the Court may—
(a) appoint a qualified person to take responsibility for ensuring a registered scheme is wound up in accordance with its trust deed or contractual agreement and any order including for the reason that the management company has ceased to exist or is not properly discharging its obligations in relation to the winding up; or
(b) give directions on how a scheme is to be wound up, including for the reason that the provisions in the trust deed or contractual agreement are inadequate or impracticable.
(3) For the purposes of this section, “a qualified person” means an approved liquidator as defined in the Companies Act 2016.
Malay text (authoritative)
Perintah sampingan
(1) Suatu perintah di bawah subseksyen (2) bagi penggulungan suatu skim boleh dibuat kepada Mahkamah oleh—
(a) syarikat pengurusan;
(b) pemegang amanah;
(c) pengarah syarikat pengurusan;
(d) pemegang kepentingan skim; atau
(e) Pendaftar.
(2) Apabila suatu permohonan dibuat di bawah seksyen ini, Mahkamah boleh—
(a) melantik seseorang yang layak untuk bertanggungjawab bagi memastikan skim berdaftar digulung mengikut surat ikatan amanah atau perjanjian kontraktualnya dan apa-apa perintah termasuklah atas sebab bahawa syarikat pengurusan itu tidak lagi wujud atau tidak menunaikan obligasinya secara teratur berhubung dengan penggulungan; atau
(b) memberikan arahan tentang bagaimana suatu skim boleh digulung, termasuklah bagi sebab bahawa peruntukan dalam surat ikatan amanah atau perjanjian kontraktual itu tidak mencukupi atau tidak boleh dilaksanakan.
(3) Bagi maksud seksyen ini, “seseorang yang layak” ertinya seorang pelikuidasi yang diluluskan sebagaimana yang ditakrifkan dalam Akta Syarikat 2016.
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).
