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ACT 125
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COMPANIES ACT 1965 (REVISED - 1973)
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PART VII - ARRANGEMENT AND RECONSTRUCTIONS
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Section 181A. Proceedings on behalf of a company
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(1) A complainant may, with the leave of the Court, bring, intervene in or defend an action on behalf of the company.
(2) Proceedings brought under this section shall be brought in the company's name.
(3) The right of any person to bring, intervene in, defend or discontinue any proceedings on behalf of a company at common law is not abrogated.
(4) For the purposes of this section and sections 181B and 181E, "complainant" means—
(a) a member of a company, or a person who is entitled to be registered as member of a company;
(b) a former member of a company if the application relates to circumstances in which the member ceased to be a member;
(c) any director of a company; or
(d) the Registrar, in case of a declared company under Part IX.
[Ins. Act A1299 : s.22]
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