Malaysia legislation

Section 49

of LABUAN COMPANIES (AMENDMENT) ACT 2022

Section 49

Section 130t of the principal Act is amended by inserting after subsection (1) the following subsection:

“(1a)  Where a Labuan protected cell company makes any allotment of its cell shares, the protected cell company shall, within thirty days, lodge with the Authority the information of such allotment.”.