Labuan Financial Services Authority Act 1996 · Updated to 1 Dec 2011 · Part IV · General
36E. Application for winding up
Official textFrom Laws of Malaysia Online, unchanged
Notwithstanding the provisions of the Companies Act 1965
or the laws specified in the Schedule, any corporation registered under the Labuan Companies Act 1990 [Act 441], whether or not the corporation is being wound up voluntarily, may be wound up under an order of the court on the petition of the Authority, in accordance with the provisions of the Labuan Companies Act 1990.
corporation
“corporation” means any body corporate formed or incorporated or existing within Malaysia or outside Malaysia and includes any foreign Labuan company as defined in the Labuan Companies Act 1990 but does not include— (a) any corporation sole; (b) any trade union registered under any written law; and (c) any society registered under any written law relating to co-operative societies;
The court may order the winding up on a petition made under subsection (1) if the corporation referred to in subsection (1)—
has been registered under the Labuan Companies Act 1990, and that registration has been revoked or surrendered; or
has contravened any provisions of this Act or the laws specified in the Schedule, whether or not the corporation has been charged with an offence in respect of the contravention, or whether or not the contravention has been proved in a prosecution.
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Labuan Financial Services Authority established under section 3;
corporation
Defined · s 2“corporation” means any body corporate formed or incorporated or existing within Malaysia or outside Malaysia and includes any foreign Labuan company as defined in the Labuan Companies Act 1990 but does not include— (a) any corporation sole; (b) any trade union registered under any written law; and (c) any society registered under any written law relating to co-operative societies;
Labuan
Defined · s 2“Labuan” means the Federal Territory of Labuan; Labuan Financial Services Authority 9