Section 20
Formation of companies
of Langkawi International Yachting Companies Act 2005
ActIn forceProvision 20 of 125
Section 20
(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.