Section 151D
Dissolution of a Labuan company
If the name of a Labuan company has been struck off the register under section 151 or section 151BA and remains struck off continuously for a period of one year and six months, the Labuan company shall be deemed to have been dissolved, but the Authority may apply to the Court on or before the expiration of the period of one year and six months to have the company put into liquidation and a person appointed by the Court shall be the approved liquidator of the Labuan company.
(2)
Where a Labuan company has been dissolved pursuant to subsection (1), the Court may, at any time within six years after the date of dissolution, on an application of any person who appears to the Court to have locus standi and legitimate interest in the Labuan company, if the Court is satisfied that at the time of the dissolution of the Labuan company, the company has not discharged all of its debts and liabilities or that it is for the name of the Labuan company to be restored, make an order upon such terms declaring the dissolution to be void, and such proceedings may be taken as if the company has not been dissolved and the Court may by order give such directions and make such provision.