Malaysia legislation
Section 58
Section 58
Section 151e of the principal Act is amended by substituting for subsection (1) the following subsection:
“(1) The Authority may issue a letter of confirmation under its seal, upon a request by any Labuan trust company, approved liquidator, receiver and manager, other person
Labuan Companies (Amendment)
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having written permission of the officer of the company, member, debenture holder, director or liquidator of the
Labuan trust company or any person who can demonstrate to the Authority that he has a good reason for doing so, provided that—
(a)
the name of the Labuan company is in the register;
(b)
the Labuan company has paid all fees and penalties due and payable; and
(c)
the prescribed fee has been paid.”.
Amendment of section 152