Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part IV · Registration of Labuan Foundation
20. Striking off
Feedback & supportNotwithstanding any provisions in this Act, where the
Authority is satisfied that a Labuan foundation—
has failed to pay the annual fee referred to in section 70; or
has contravened any provisions of this Act, the Authority may serve a notice on the Labuan foundation notifying it that the name of the Labuan foundation shall be struck off the register, unless the Labuan foundation takes any step or any action to
22 Laws of Malaysia remedy the breach as may be specified in the notice within thirty days from the date of the notice or such longer period as may be extended by the Authority.
In the event the Authority—
receives from the Labuan foundation a notice stating that the Labuan foundation is likely to be unable to remedy the breach specified in the notice served on the Labuan foundation under subsection (1); or
receives no reply to a notice served on the Labuan foundation under subsection (1), the Authority may, within thirty days from the date of the expiration of the period mentioned in the notice served under subsection (1) or thereafter, strike off the name of the Labuan foundation from the register unless the Labuan foundation or any person satisfies the
Authority that the name should not be struck off.