FORM 57. Notice To Dissenting Shareholder. (COMPANIES REGULATIONS, 1966

P.U. 173/66
COMPANIES REGULATIONS, 1966
SECOND SCHEDULE (Regulation 3)

FORM 57. Notice To Dissenting Shareholder.

FORM 57

Companies Act, 1965
Section 180 (1)

Companies Regulations, 1966
Regulation 12

NOTICE TO DISSENTING SHAREHOLDER

To ……………………
of……………………

In this notice -

…………………………………………. . (Nama Syarikat) is referred to as "the transferor company", and
…………………………………………. . (Nama Syarikat) is referred to as "the transferee company".

On the…………. . day of ………………,19…………,the transferee company made an offer to all the holders of *…………………… shares in the transferor company of † ……………………

Up to the ………. . day of ……………, 19 ……. . (being a date within four months after the making of the offer in that behalf by the transferee company) , the offer was approved by the holders of not less than nine-tenths in nominal value of the *……………………. . shares (other than shares already held at the date of the offer by, or by a nominee for, the transferee company or its subsidiary) .

The transferee company hereby gives you notice, in pursuance of the provisions of section 180 of the companies Act, 1965, that it desires to acquire the *……………………………. shares held by you in the transferor company.

You are entitled within one month after the receipt of this notice to require the transferee company, by demand in writing served on it, to supply you with a statement of the names and addresses of all other dissenting shareholders, and the transferee company will not be entitled or bound to acquire the shares of those dissenting shareholders until fourteen days after the posting to you of the statement of those names and addresses.

Unless upon an application made to the High Court by you -

(a)

on or before the …………day of……………,19 …………(being one month from the date of this notice) ; or

(b)

on a date (within seven days of a statement being supplied to you pursuant to subsection (3) of section 180 of the Companies Act, 1965) ,

whichever is the later date, the High Court orders otherwise, the transferee company will, in pursuance of those provisions, be entitled and bound to acquire the * ……………………shares held by you in the transferor company on the terms, which, under the scheme or contract to which the abovementioned offer relates, the shares of the approving *…………………………. . shareholders in the transferor company are to be transferred to the transferee company.

Dated this……………. . day of……………………. . ,19 ………. .

(Signature) ………………………………………
‡………………of……………..(Nama Syarikat)

__________________________________________________
*If the offer is limited to a certain class or to certain classes of shareholders, give a description of that class or those classes.

† State shortly the nature of the offer.

++ State whether a director or the secretary and insert the name of the transferee company.