Malaysia Case Law: Decisions & Judgments

Topic

Validation under section 63 and section 355 companies act 1965

Legal area

Court

18 Jul 2025

1. ) WONG KIE YIK 2. ) WONG KIE CHIE 3. ) PATRICK WONG HAW YEONG 4. ) PIERRE WONG HO ZHEN 5. ) HAPPY WONG FEI FEI 1. ) KATHRYN MA WAI FONG (as the personal representative, executrix and trustee of the estate of the late Wong Kie Nai) 2. ) O

Citation

02(f)-46-08/2023(Q) (Mahkamah Persekutuan)
Court

f
Case number

02(f)-46-08/2023(Q) (Mahkamah Persekutuan)

The Federal Court dismissed the appellants' appeals and affirmed the Court of Appeal's outcome for different reasons: the Duomatic principle should not be used to displace the statutory validation regime; where a share issuance contravenes s 132D(1) CA 1965 the correct legal route is validation under ss 63 and/or 355 CA 1965. Applying those statutory provisions to the facts (knowledge, acquiescence, delay, benefit derived by appellants and absence of refund) it was just and equitable to validate the three impugned allotments and to refuse the appellants' challenge.
18 Jul 2025

1. ) WONG KIE YIK 2. ) WONG KIE CHIE 3. ) PATRICK WONG HAW YEONG 4. ) ANNIE WONG HAW BING 5. ) HAPPY WONG FEI FEI 1. ) KATHRYN MA WAI FONG (as the personal representative, executrix and trustee of the estate of the late Wong Kie Nai) 2. ) S

Citation

02(f)-44-08/2023(Q) (Mahkamah Persekutuan)
Court

f
Case number

02(f)-44-08/2023(Q) (Mahkamah Persekutuan)

The Federal Court held Duomatic is not the appropriate basis to displace the specific statutory regime; validation of the impugned share issuances is permissible under the Companies Act 1965 (s63 and/or s355) where the court is satisfied it is just and equitable and no substantial injustice results; applying the statutory criteria to the facts, validation was appropriate and the Court of Appeal's orders are affirmed albeit on statutory grounds rather than Duomatic.

Malaysia Case Law

1. ) WONG KIE YIK 2. ) WONG KIE CHIE 3. ) PATRICK WONG HAW YEONG 4. ) PIERRE WONG HO ZHEN 5. ) HAPPY WONG FEI FEI 1. ) KATHRYN MA WAI FONG (as the personal representative, executrix and trustee of the estate of the late Wong Kie Nai) 2. ) O

1. ) WONG KIE YIK 2. ) WONG KIE CHIE 3. ) PATRICK WONG HAW YEONG 4. ) ANNIE WONG HAW BING 5. ) HAPPY WONG FEI FEI 1. ) KATHRYN MA WAI FONG (as the personal representative, executrix and trustee of the estate of the late Wong Kie Nai) 2. ) S