Section 113
Dividends payable from profits only
of Langkawi International Yachting Companies Act 2005
ActIn forceProvision 111 of 125
Section 113
(1)
No dividends shall be payable to any shareholder of any
Langkawi company except out of profits.
(2)
Every director of a Langkawi company who wilfully pays or permits to be paid any dividend out of what he knows is not profit shall be guilty of an offence against this Act.