Malaysia legislation

Section 124

of *LABUAN COMPANIES ACT 1990

Section 124

(a)

the charter, statute, memorandum or articles of a foreign

Labuan company, or other instrument relating to the company, lodged with the Authority;

(b)

the directors of a foreign Labuan company or in the name or address of any director;

(c)

the address of the registered office of a foreign Labuan company in its place of incorporation or origin;

*NOTE—Previously “Ten”—see section 46 of the Labuan Companies (Amendment) Act 2022

146 Laws of Malaysia ACT 441

(d)

the name of a foreign Labuan company;

(e)

the powers of any directors resident in Labuan who are members of the local board of directors of a foreign Labuan company; or

(f)

the Labuan trust company or the name or address of the

Labuan trust company referred to in paragraph 121(2)(e), the foreign Labuan company shall, within one month after the change or alteration, lodge with the Authority particulars of the change or alteration and such documents as the regulations may require.

(2)

Upon receipt of the aforesaid particulars of the change or alteration, the Authority shall, subject to this Act, register the change or alteration.

(3)

On the lodging with the Authority of particulars of any change or alteration of the name of a foreign Labuan company referred to in paragraph (1)(d), the Authority shall issue a certificate in the prescribed form under its seal, and that certificate shall be prima facie evidence in all courts as to the change or alteration of the name of the company.

(4)

If a foreign Labuan company increases or decreases its authorized share capital, it shall, within thirty days after such change, lodge with the Authority notice of the amount from which hand to which it has been so changed.

(5)

If a foreign Labuan company not having a share capital increases the number of its members beyond the registered number, it shall, within thirty days after the increase was resolved on or took place, lodge with the Authority notice of the increase.

Service on foreign Labuan companies

Section 124 — AKTA SYARIKAT LABUAN 1990 | mylaw.my