Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part V · Council, Officers and Secretary
31. Powers of council
Feedback & supportThe constituent document may specify the powers of the council and provide for powers in addition to those provided for in this
constituent document
“constituent document” means the charter and the articles, of a Labuan foundation;
Act.
The council shall—
take such action as it deems necessary to ensure compliance by the Labuan foundation and its officers with the terms of the constituent document and the provisions of this Act; and
be responsible for the general supervision of the management of the Labuan foundation by its officers.
The council shall represent the Labuan foundation and for the purpose of ensuring compliance with the terms of the constituent document and the provisions of this Act, the officers of the Labuan foundation shall act in accordance with the instructions of the council.
36 Laws of Malaysia
Malaysia
“Malaysia” means the territories of the Federation of Malaysia, the territorial waters of Malaysia and the sea-bed and subsoil of the territorial waters, and includes any area extending beyond the limits of the territorial waters of Malaysia, and the sea-bed and subsoil of any such area, which has been or may hereafter be designated under the laws of Malaysia and in accordance with international law as an area over which Malaysia has sovereign rights for the purposes of exploring and exploiting the natural resources, whether living or non living;