Malaysia legislation
Section 18
Section 18
(2)
The Registrar may revoke any approval given under subsection (1).
(3)
The Registrar shall keep a register of approved liquidators.
27
Langkawi International Yachting Companies
(4)
No person shall be appointed or shall act as a liquidator of a Langkawi company—
(a)
if he is not an approved liquidator;
(b)
if he is indebted to the company in liquidation or to a company which is deemed to be related to that company in liquidation by virtue of section 4 in an amount exceeding five thousand dollars or an equivalent amount in any other currency; or
(c)
if he has not consented in writing to such appointment.
(5)
Where an approved liquidator is appointed to be a liquidator of a Langkawi company, whether by the Court or in a voluntary winding up, he shall immediately notify the Registrar in writing of any interest which he has in the Langkawi company as an officer, employer or employee of the Langkawi company or as a partner, employer or employee of an officer of the Langkawi company, and any interest which any company related to him has in the Langkawi company.
Registers