ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART X - WINDING UP
DIVISION 4 - PROVISIONS APPLICABLE TO EVERY MODE OF WINDING UP
Subdivision (4) - Offences

 
Section 301. Inducement to be appointed liquidator.
 
Section 301. Inducement to be appointed liquidator. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) Any person who gives or agrees or offers to give to any member or creditor of a company any valuable consideration with a view of securing his own appointment or nomination, or to securing or preventing the appointment or nomination of some person other than himself, as the company's liquidator shall be guilty of an offence against this Act.

Penalty: Imprisonment for one year or one thousand ringgit.