Malaysia legislation
Section 33
Section 33
Amendment of Schedule 2
(a)
in paragraph 3, by substituting for subsubparagraph 3(1)(b)
the following subsubparagraph:
“(b) (i) the transfer of assets between spouses; or
(ii)
the transfer of assets owned by an individual, by the wife of the individual or by an individual jointly with his wife or with a connected person, by a nominee for the individual, a nominee for the wife of the individual or a nominee for both, or by a trustee for the individual, a trustee for the wife of the individual or a trustee for both, to a company resident in Malaysia or not, controlled by the individual, by the wife of the individual, by the individual jointly with his wife or with a connected person, by the nominee for the individual, the nominee for the wife of the individual or the nominee for both, or by the trustee for the individual, the trustee for the wife of the individual or the trustee for both, for a consideration consisting of shares in the company or for a consideration consisting substantially of shares in the company and the balance of a money payment;”; and
(b)
in subparagraph 33(d), by inserting after the word
“paragraph” the words “34 or”.
Amendment of Schedule 4