Section 36E
Application for winding up
of Labuan Financial Services Authority Act 1996
ActIn forceProvision 63 of 75
Section 36E
(2)
The court may order the winding up on a petition made under subsection (1) if the corporation referred to in subsection (1)—
(a)
has been registered under the Labuan Companies Act 1990, and that registration has been revoked or surrendered; or
(b)
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.