{"id":11848,"date":"2025-03-21T10:23:48","date_gmt":"2025-03-21T02:23:48","guid":{"rendered":"https:\/\/alexchanglaw.com\/?p=11848"},"modified":"2025-03-21T10:26:23","modified_gmt":"2025-03-21T02:26:23","slug":"new-companies-act-2016-companies-winding-up-petitions-alex-chang-ipoh","status":"publish","type":"post","link":"https:\/\/alexchanglaw.com\/index.php\/new-companies-act-2016-companies-winding-up-petitions-alex-chang-ipoh\/","title":{"rendered":"THE NEW COMPANIES ACT 2016 and the COMPANIES WINDING UP PETITIONS"},"content":{"rendered":"\n<p>THE NEW COMPANIES ACT 2016 and the COMPANIES WINDING UP PETITIONS<br>AN INTRODUCTION<\/p>\n\n\n\n<p>by Mr Alex Chang Huey Wah<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Perak-Sem-01-20250307.gif\"><img loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Perak-Sem-01-20250307-1024x768.gif\" alt=\"\" class=\"wp-image-11852\"\/><\/a><\/figure>\n\n\n\n<p>1 New threshold of issuing a Notice Pursuant to s 218 (now 465 and 466) of the new Act.<\/p>\n\n\n\n<p>2 Definition of Unable to pay its debts<\/p>\n\n\n\n<p>3 Affidavit Verifying Petition<\/p>\n\n\n\n<p>4 New Commencement of the Winding Up<\/p>\n\n\n\n<p>5 Twice or four times Advertisement of the Petition in the Newspapers?<\/p>\n\n\n\n<p>6 Affidavit In Opposition to Petition<\/p>\n\n\n\n<p>7 Appointment of an INTERIM Liquidator, Official Receiver or the (Private) liquidator.<\/p>\n\n\n\n<p>8 Costs<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Perak-Sem-02-20250307.gif\"><img loading=\"lazy\" width=\"768\" height=\"1024\" src=\"https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Perak-Sem-02-20250307-768x1024.gif\" alt=\"\" class=\"wp-image-11853\"\/><\/a><\/figure>\n\n\n\n<p><strong>Bonus Chapters<\/strong><br>9 Interpretation by the Federal Court of the word \u2018and\u2019 in s 223 of the old Companies Act 1965, as \u2018disjunctively\u2019 instead of the usual \u2018conjunctively\u2019, and now in light of the new section 467 the Companies Act 2016.<\/p>\n\n\n\n<p>9.1 The \u201cPay Something for Nothing\u201d proposition.<\/p>\n\n\n\n<p>10 How the RM74 million court judgment in Damages based on the valuation of shares was reduced to nothing?<\/p>\n\n\n\n<p>10.1 The journey of both matters from the High Court all the way to the Federal Court.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Perak-Sem-03-20250307.gif\"><img loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/03\/ACC-Perak-Sem-03-20250307-1024x768.gif\" alt=\"\" class=\"wp-image-11854\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>THE NEW COMPANIES ACT 2016 and the COMPANIES WINDING UP PETITIONSAN INTRODUCTION by Mr Alex Chang Huey Wah 1 New threshold of issuing a Notice Pursuant to s 218 (now 465 and 466) of the new Act. 2 Definition of Unable to pay its debts 3 Affidavit Verifying Petition 4 New Commencement of the Winding [&hellip;]<\/p>\n","protected":false},"author":1804,"featured_media":11851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[66],"tags":[],"_links":{"self":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/11848"}],"collection":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/users\/1804"}],"replies":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/comments?post=11848"}],"version-history":[{"count":4,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/11848\/revisions"}],"predecessor-version":[{"id":11857,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/11848\/revisions\/11857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media\/11851"}],"wp:attachment":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media?parent=11848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/categories?post=11848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/tags?post=11848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}