[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-275632-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-275632-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","letter-of-indemnity-application-under-section-556-companies-act-2016","Letter of Indemnity - Application Under Section 556 Companies Act 2016","","A Letter of Indemnity addressed to the Registrar of Companies Malaysia is used in an application under Section 556 of the Companies Act 2016 to execute a Memorandum of Transfer (MOT) on behalf of a dissolved company. The applicant names the company and property, authorizes execution relying strictly on submitted documents, and undertakes to indemnify the Registrar against actions, suits, claims, proceedings, losses, damages, costs, and interest. 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:  \nProperty :  \nIn consideration for you agreeing at our request to execute the Memorandum of Transfer (MOT) of the above said title on behalf of the now dissolved company, company name (co number) , as the registered owner of the property in favour of myself/ourselves, I/we name and ic number  hereby agree and undertake to indemnify you against:  \n(a) all actions, suits, claims or demands, proceedings, losses, damages, compensation, cost (including legal cost), charges an expenses whatsoever to which the Registrar shall or may be or become liable in respect of or arising out of acts done by the Registrar in the performance of this Memorandum of Transfer;  \n(b) any amount cost of interest accrued arising from the full purchase price under the Sale and Purchase agreement dated   . In which case it shall be paid by the Applicant in the event of any demand made, which in no way shall the Registrar be liable to pay; and  \n(c) any other matters deemed appropriate and reasonable.  \nWe acknowledge that you are executing the said Memorandum of Transfer in strict reliance on the documents provided by us, and are nor presumed to have any other knowledge in relation to any matters beyond that containded in the said documents.  \nDated this:    \nApplicant Name Applicant Name  \n(IC Number) (IC Number)  \n*Witnessed by:  \n………………………………………………….  \nName:  \nNRIC:  \n*A Commisioner For Oath","cbCaimddlYMTNy43","https://ap.wps.com/l/cbCaimddlYMTNy43","pdf",50177,"English","# Application under Section 556 Companies Act 2016\n## Party details and property information\n## Indemnity obligations to the Registrar\n## Reliance on provided documents\n## Execution details, dates, signatures and witness","[{\"question\":\"What is the purpose of this Letter of Indemnity?\",\"answer\":\"It indemnifies the Registrar of Companies Malaysia regarding execution of a Memorandum of Transfer (MOT) on behalf of a dissolved company under Section 556 of the Companies Act 2016.\"},{\"question\":\"What liabilities does the applicant agree to indemnify the Registrar for?\",\"answer\":\"The applicant indemnifies the Registrar against all actions, suits, claims, demands, proceedings, losses, damages, compensation, and costs (including legal costs) arising from acts done in performing the MOT, as well as interest-related amounts and other appropriate reasonable matters.\"},{\"question\":\"What documents does the Registrar rely on according to the letter?\",\"answer\":\"The Registrar is stated to execute the MOT in strict reliance on documents provided by the applicant, without presumption of knowledge beyond those documents.\"}]","Letter of Indemnity - Application Under Section 556 Companies Act 2016 | PDF",1789488621]