Section 131
Section 131
The provisions of Subdivision 3 of Division 7 of Part III and Division 1 and Division 2 of Part IV of the Companies Act 2016
shall apply to the receivership and winding up of a Labuan company, subject to such modifications and adaptations as may be necessary, and in particular references to a “company” shall be taken as references to a Labuan company.
(2)
The Companies (Winding Up) Rules 1972 [P.U. (A) 289/1972]
shall also apply to the winding up of a Labuan company, subject to such modifications and adaptations as may be necessary, and in particular references to a ‘company’ shall be taken as references to a
Labuan company.
168 Laws of Malaysia ACT 441
(3)
A liquidator appointed under the provisions of this Part shall be an approved liquidator as required by subsection 12(1).
Alternative procedure for voluntary winding up of solvent