Malaysia legislation
Section 20
Section 20
Formation of companies
(1)
Subject to this Act, any person may, by subscribing his name to a memorandum and complying with the requirements as to registration, form a Langkawi company for any lawful business in respect of yacht-related activities.
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Langkawi International Yachting Companies
(2)
If the subscriber to the memorandum is a corporation, the memorandum may be subscribed by the corporation under its seal or by some person duly authorized on its behalf.
(3)
Every Langkawi company shall be a company limited by shares.