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Section 27

Prohibition against carrying on business when Labuan company has no members

of Labuan Companies Act 1990

ActIn forceProvision 31 of 212
Section 27

(2)

Subsection (1) shall not apply in respect of an officer, servant, employee or agent of a Labuan company which has no members who carries on the business of the company after those six months, if the officer, servant, employee or agent does so by virtue of a direction of the Court or under the direction of an approved liquidator appointed in respect of the company.

Read in full context — Labuan Companies Act 1990 →