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Section 25

Amendment of section 80

of Labuan Companies (Amendment) Act 2022

Amendment ActIn forceProvision 25 of 61
Section 25

Section 80 of the principal Act is amended by inserting after subsection (1) the following subsection:

“(1a)  A Labuan company shall within thirty days notify the Authority in the prescribed form of any transfer of shares or debentures or any change of the information submitted under subsection (1).”.

Amendment of section 83