211D. Restraint of disposition of property, etc., during moratorium period Flashcards
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211D. Restraint of disposition of property, etc., during moratorium period
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General overview
[211D.01] Section 211D adopts s 176(10C) of the Companies Act 1965 (Malaysia) that was introduced by the Companies (Amendment) (No 2) Act 1998. Basically, it restrains the company from disposing of the property of the relevant company other than in good faith and in the ordinary course of the business of the company; and the transferring of any share in, or altering the rights of, any member of the relevant company.
