Alex Chang Companies Widing Up Handbook

Winding Up Without a Judgment Petition Malaysia

Must I obtain a Judgment BEFORE filing a winding up petition against my debtors? “Versi Bahasa Malaysia” This is one of the most frequently asked questions.   A short answer is no.  The provision of section 218 of the Companies Act 1965 and the new sections 466 and 467 of the Companies Act 2016 did not provide that a judgment must be obtained prior to filing of a Winding Up Petition. Read More…

Alex Chang Companies Widing Up Handbook

What is compulsory winding-up insolvency liquidation?

Compulsory Winding-up “Versi Bahasa Malaysia” Compulsory winding-up insolvency liquidation in Malaysia is pursuant to section 218 of the  Act. It is a legal process by which the Official Receiver, now known as the Director General of Insolvency or a liquidator is appointed by an order of the court to ‘wind up’ the affairs of a limited company, Sdn Bhd or a Berhad. At the end of the pRead More…