Malaysia legislation
Section 38
Section 38
Power to issue shares and voting rights
(1)
A Langkawi company shall have power to issue the number of shares stated in its memorandum, which may be divided into one or more classes, with such designations, preferences,
45
Langkawi International Yachting Companies limitations and relative rights as shall be stated or provided for in the articles of association, and all prices and values given in respect of shares shall be expressed in a currency other than
Malaysian currency.
(2)
The articles of association may limit or deny voting rights of, or provide special voting rights for, the shares of any class or the shares within any class to any extent not inconsistent with the provisions of this Act or the regulations.