IN exercise of the powers conferred by section 150 of the Offshore Companies Act 1990 [Act 441], the Minister, on the recommendation of the Registrar makes the following order:
Citation
1. This order may be cited as the Offshore Companies (Exemption) Order 2009.
Exemption of subsections 7(2) and 26(4) of the Act
2. The Minister exempts a Labuan holding company tha is a Labuan company incorporated under the Offshore Companies Act 1990 that carries on permitted business activities as specified in the Guideline on Co-location of Labuan Holding Company from the application of subsections 7(2) and 26(4) of the Act.
Made 22 December 2009
[LFA/09/2009; PN(PU2)489/II]
DATO’ SRI MOHD NAJIB BIN TUN HAJI ABDUAL RAZAK
Minister of Finance
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