Malaysia legislation

Section 7

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 7

(a)

any debenture which is stated on its face to be a secured debenture; and

Labuan Financial Services and Securities 29

(b)

any debenture which is issued on terms affording the holder of the debenture rights and powers to vote and demand a poll in respect of the business and undertaking of the company, whether in addition to the rights of members of the company or in substitution for those rights.