Section 130V
Reduction of cell capital
ActIn forceProvision 176 of 211
Section 130V
(1)
The provisions of section 53 in respect of the reduction of share capital of a Labuan company shall apply mutatis mutandis in respect of the reduction of share capital of the general assets of a
Labuan protected cell company and the cell capital of the respective cell assets of a Labuan protected cell company.
(2)
A Labuan protected cell company shall not reduce the share capital of its general assets to less than the cell capital of any cell assets of the Labuan protected cell company.
Labuan Companies 159