Section 176 of Companies Act 1965 – Some Issues and Implications
DOI:
https://doi.org/10.66674/epya0756Abstract
In the era of harsh economic recession, many financially over-stretched companies have run into difficulties and crisis. Inevitably, they have suffered the trauma of large corporate debts and are nical ht Bape cscs Sabah ose by about 105 in the i six months of 998, 15 ih sametoken, corpora dvd bap nSngpor eed by 20% veh sme period in 1997 due to the Asian Economic downturn?. These highly- geared corporations have little choice but to formulate survival options including strategies for corporate rescues and reconstruc. ons. One option which hs ncresingy ben served a Ifline 1 Myson compares i 3 en ssn fame Ten VERSO Companies Act 1965. According to reliable sources, there are about cighty financially-troubled companies which have applied for Section 176 to undertake reconstruction and more could be con sidering the same move® This article will examine some of the issues and implications pursuant to | Section 176 of the Malaysian Companies Act, 1965.
Downloads
Published
Issue
Section
License
Copyright (c) 1997 Lee Khee Joo (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant Capital Markets Review the right of first publication. Articles are published under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence: https://creativecommons.org/licenses/by/4.0/. This licence permits sharing and adaptation for any purpose, including commercial use, provided appropriate credit is given, a link to the licence is supplied and any changes are indicated. Third-party material excluded from the article's licence must be clearly identified, and authors are responsible for obtaining any required permission.
