ACT 125

COMPANIES ACT 1965 (REVISED - 1973)

PART V - MANAGEMENT AND ADMINISTRATION

DIVISION 3 - MEETINGS AND PROCEEDINGS

Section 154. Registration and copies of certain resolutions and agreements.

(1) A printed copy of— (a) every special resolution; and (b) every resolution or agreement which effectively binds any class of shareholders whether agreed to by all the members of that class or not, shall except where otherwise expressly provided by this Act within one month after the passing or making thereof, be lodged by the company with the Registrar. (2) Where articles have not been registered a printed copy of every resolution or agreement to which this section applies shall be forwarded to any member at his request on payment of one ringgit or such less sum as the company directs. (3) In the event of any default in complying with subsection (1) the company and every officer of the company who is in default shall be guilty of an offence against this Act. Penalty: One thousand ringgit. Default penalty. (4) In the event of any default in complying with subsection (2) the company and every officer of the company who is in default shall be guilty of an offence against this Act. Penalty: Twenty-five ringgit for each copy in respect of which default is made.