Malaysia legislation
Section 127
Section 127
Effect of striking off
(a)
commence any legal proceedings, carry on any business or in any way deal with the assets of the Langkawi company;
(b)
defend any legal proceedings, make any claim or claim any right for, or in the name of, the Langkawi company;
or
(c)
act in any way with respect to the affairs of the Langkawi company.
(2)
Notwithstanding subsection (1), where the name of the
Langkawi company has been struck off the register, the Langkawi company, or a director, member, liquidator or receiver of the company, may—
(a)
apply to the Registrar for the Langkawi company to be registered afresh;
(b)
continue to defend proceedings that were commenced against the Langkawi company prior to the date of the striking off; and
(c)
continue to carry on legal proceedings that were instituted on behalf of the Langkawi company prior to the date of striking off.
(3)
The fact that the name of a Langkawi company has been struck off the register does not prevent—
(a)
the Langkawi company from incurring liabilities;
(b)
any creditor from making a claim against the Langkawi company and pursuing the claim through to judgement or execution; or
105
Langkawi International Yachting Companies
(c)
the appointment by the Court of an official liquidator for the Langkawi company under Parts VIII and X of the Companies Act 1965, in so far as they relate to a
Langkawi company limited by shares.
106
Act 643