Section 43
Section 43
Where a Labuan company makes any allotment of its shares, the company shall, within one month thereafter, lodge with the Authority a return of the allotment stating —
(a)
the number of shares comprised in the allotment and the amount paid for such shares;
(b)
the date of the allotment;
(c)
the amount (if any) deemed to be paid, or due and payable, on the allotment of each share;
(d)
where the capital of the company is divided into shares of different classes, the class of shares to which each share in the allotment belongs; and
(e)
the full name and address of each of the allottees and the number and class of shares allotted to him.
(1A)
The Authority may request for additional information or documents from a Labuan company in respect of its return of allotment under this section.
Labuan Companies 55
(2)
If default is made in complying with this section, every officer of the Labuan company who is in default commits an offence under this Act.
Penalty: Ten thousand ringgit. Default penalty.