Malaysia legislation

Section 121

of LANGKAWI INTERNATIONAL YACHTING COMPANIES ACT 2005

Section 121

Prohibition by Minister

(1)

The Minister may without assigning reasons therefore, issue, by notification in the Gazette, the Minister’s direction—

(a)

prohibiting the initial incorporation of any Langkawi company or class of companies;

(b)

prohibiting the initial registration of a foreign Langkawi company; or

(c)

directing any Langkawi company to cease to carry on its business or part of its business either immediately or within such time as may be specified in the direction.

(2)

A direction made under this section may be revoked or varied by the Minister.

Section 121 — LANGKAWI INTERNATIONAL YACHTING COMPANIES ACT 2005