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working funds "working funds" means:- (a) in relation to a Labuan company, the paid-up capital unimpaired by losses; and (b) in relation to a foreign Labuan company or a branch of a Malaysian insurer, the surplus of assets over liabilities to be maintained in the books of its office in Labuan.
ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010
101. Interpretation. |
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working funds "working funds" means- (a) in relation to an offshore company, the paid-up capital unimpaired by losses; or (b) in relation to a foreign offshore company or a branch of a Malaysian insurer, the surplus of assets over liabilities to be maintained in the books of its office in the Federal Territory of Labuan.
ACT 444 - OFFSHORE INSURANCE ACT 1990
2. Interpretation. |