Section 14
ActIn forceProvision 18 of 211
Section 14
(1)
Subject to this Act, a Labuan trust company or any other person may, by subscribing its or his name to a memorandum and complying with the requirements as to registration, form a Labuan company for any lawful purpose.
(2)
If a subscriber to a memorandum is a corporation or a Labuan trust company, the memorandum may be subscribed by the corporation or the Labuan trust company, as the case may be, under its seal or by some person duly authorized on its behalf.
(3)
A Labuan company may be—
(a)
a company limited by shares;
(b)
a company limited by guarantee; or
Labuan Companies 39
(c)
an unlimited company.